Natural gas prices have plunged…
Oil majors are investing more…
Wal-Mart, the world’s largest retailer now boasting two million associates and 150 million shoppers, is storming the scene with its own energy policy that has some analysts considering whether the government could learn something from the mega store.
Wal-Mart has an estimated 200 energy projects already in operation, with the last major project—a 20-story wind turbine in California—officially launched earlier this month. The massive wind turbine provides energy to the store’s distribution center.
Among Wal-Mart’s other energy projects are a 90-megawatt wind far in Texas that provides energy to over 300 stores, some 100 solar installations in California, nearly 350 stores in Mexico powered by wind … and the list goes on.
The end goal? The company seeks to become completely powered by renewable energy, and is well on its way to fulfilling that goal.
Wal-Mart is currently leading, ahead of Apple and Ikea, in US solar installations, and expects to have as much as 90 megawatts of capacity by the end of this year.
According to Reuters, Wal-Mart has also pushed its suppliers to adopt more environmentally-friendly policies such as smaller package sizes and reduced use of plastic.
By. Charles Kennedy of Oilprice.com
Charles is a writer for Oilprice.com