Together with other retailers, this company is praised for investing in green energy

Sep 14, 2012 15:20 GMT  ·  By
Walmart argued to have made major progress in terms of relying on solar power
   Walmart argued to have made major progress in terms of relying on solar power

Walmart may still have to work out how it is to start treating pigs from now on if it is to benefit from the support of animal rights activists worldwide, yet according to a new report released by the Solar Energy Industries Association and the Vote Solar Initiative, greenheads leaning more towards renewables can go ahead and salute this company's solar power generating capacity.

This particular report is intended to compare and contrast the on-site solar generating technologies various companies have installed over the years, and pin-down the winners when it comes to depending on the national grid as little as possible.

Walmart might have taken the lead, with almost 65,000kW of installed capacity, yet Costco (38,900kW) is a worthy opponent.

Ikea needs also be mentioned, seeing how this company presently relies on solar power in order to meet the electricity demands of as many as 80% of its current locations.

Other companies that are to be regarded as leaders in terms of pushing for sustainability and the use of green energy sources to power their working agenda are Johnson & Johnson, Staples and Walgreen.

“What do Walmart, Costco, IKEA, McGraw Hill, Johnson & Johnson and FedEx have in common? They know a smart investment when they see one, and are all adopting solar energy in a big way,” reads said report.

In case anyone was wondering, the phrase “smart investment” has to do with the fact that renewables more than make up for the initial investments in the long run, given the fact that electricity bills are significantly cut down.

Furthermore, “As of mid-2012, businesses as well as non-profit organizations and governments across the United States have deployed more than 2,300 megawatts (MW)1 of solar electric (photovoltaic or PV) systems on more than 24,000 individual facilities—and this number is growing rapidly; during the first half of 2012, over 3,600 non-residential PV systems came online, an average of one every 72 minutes.”

From where we stand, this report brings some very good news concerning the future of renewable energy sources both in the US and in other parts of the world as well.