Home Depot in largest renewable energy procurement yet

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Home Depot in largest renewable energy procurement yet

By Marianne Wilson - 10/13/2020

The Home Depot has signed its largest renewables procurement agreement to date, with the energy purchased enough to power more than 150 of the chain’s stores.

The home improvement retailer and Enel Green Power announced a new power purchase agreement (PPA) that will power portions of the retailer's operations across the country using renewable energy from Enel’s Azure Sky solar+storage plant in Haskell County, Texas.

The project, which comprises a 284 MW1 photovoltaic facility paired with an 81 MW battery, is expected to be operational by summer 2021. The Home Depot will procure the electricity generated from a 75 MW portion of the solar project. The agreement will enable the retailer to make substantial progress against its new sustainability goal to produce or procure 335 MW of renewable or alternative energy as outlined in Home Depot’s 2020 Responsibility Report.

“Our collaboration with Enel Green Power strengthens our efforts to tap into sustainable energy that’s produced off-site,” said Ron Jarvis, chief sustainability officer of The Home Depot. “Not only does it expand our energy options and reduce our carbon footprint, but when The Home Depot procures or produces energy from renewable sources, we strengthen the business case for clean power alternatives.”