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Walmart Puerto Rico and SunEdison announced plans to deploy rooftop solar systems on five Walmart PR stores with the potential for 23 stores over five years. The project will reportedly be the largest renewable energy project ever developed on the island. Given traditional energy rates, the systems will provide Walmart long-term predictably priced solar-generated energy.
Under a solar power services agreement with Walmart, SunEdison will finance, own, build, and operate the photovoltaic solar energy systems, which deliver long-term, low-risk returns to project financiers. Construction on the first 895kW rooftop system at Walmart Supercenter Caguas is scheduled to begin before the end of 2009.
Each solar power-generating system installed may vary, but across the Puerto Rico sites, on average a system can provide 25 to 35 percent of the power for the store or club on which it is installed. Throughout the duration of a 15 year contract, the zero-emission systems are projected to produce 90 million kilowatt hours (kWh) of electricity.
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