Executive Briefings

Wal-Mart Sees the Sun as a Potential Rainmaker

Wal-Mart is looking to the sun for power--and to save a few pennies on its electric bills.
The giant retailer says it will install solar rooftop panels at 22 facilities in California and Hawaii that will provide as much as 20 megawatts of electricity, for prices less than it currently pays local utilities.
Because of the attention devoted to all things Wal-Mart, and the ongoing frenzy over green business, this initiative is also going to provided more visibility to the solar industry.
"If you are going to put solar on roofs, it's best to have the biggest roofs. Wal-Mart is the Super Bowl of roofs," says Scott Sklar, a veteran solar industry executive who now advises commercial, industrial and government buyers of renewable energy.
Source: Money, http://money.cnn.com

Wal-Mart is looking to the sun for power--and to save a few pennies on its electric bills.
The giant retailer says it will install solar rooftop panels at 22 facilities in California and Hawaii that will provide as much as 20 megawatts of electricity, for prices less than it currently pays local utilities.
Because of the attention devoted to all things Wal-Mart, and the ongoing frenzy over green business, this initiative is also going to provided more visibility to the solar industry.
"If you are going to put solar on roofs, it's best to have the biggest roofs. Wal-Mart is the Super Bowl of roofs," says Scott Sklar, a veteran solar industry executive who now advises commercial, industrial and government buyers of renewable energy.
Source: Money, http://money.cnn.com