Walmart in unique, multi-energy agreement
Walmart is expanding its sourcing from wind energy projects in two different energy markets.
Engie US Wind announced it is continuing to service Walmart’s renewable energy needs via an innovative agreement that utilizes two virtual renewable power purchase agreements (VPPAs). The agreement enables the building more than 366 MW of wind projects in different U.S. energy markets, all under a single procurement process. The process is important to Walmart as it continues to make progress towards its goal of powering 50% of its operations with renewable energy by the end of 2025.
Walmart is purchasing 166 MW from Engie’s Prairie Hill project in Texas and 200 MW from Engie’s King Plains project in Oklahoma, with construction on both sites underway. The energy produced annually matches to portions of electricity load in Walmart stores, Sam’s Clubs, and distribution centers throughout parts of the ERCOT and Southwest Power Pool markets.
“Sourcing from wind energy projects — like these from ENGIE — is a core component in the mix to meet our goals,” said Mark Vanderhelm, VP of energy for Walmart Inc. “The energy we'll procure from these facilities represents an important leap forward on our renewable energy journey and reinforces Walmart’s broader mission to spark collective action — alongside key partners — to drive environmental sustainability.”
This deal complements Walmart’s existing VPPA with Engie for 150 MW at the Triple H wind project in South Dakota, where construction is also underway. Combined with the existing Triple H deal, the new Prairie Hill and King Plains deals bring Walmart and Engie’s collaboration to more than 500 MW of wind power in the U.S. market.