Wal-Mart Announces Solar Power Pilot Project

Pilot Project marks major step toward its goal of being supplied by 100

percent renewable energy

May 07, 2007, 01:00 ET from Wal-Mart Stores, Inc.

    BENTONVILLE, Ark., May 7 /PRNewswire-FirstCall/ -- Today Wal-Mart
 Stores, Inc. (NYSE:   WMT), announced a major purchase of solar power from
 three solar power providers, BP Solar, SunEdison LLC, and PowerLight, a
 subsidiary of SunPower Corporation, for 22 combined Wal-Mart stores, Sam's
 Clubs and a distribution center in Hawaii and California. As part of a
 pilot project to determine solar power viability for Wal-Mart, the total
 solar power production from the 22 sites is estimated to be as much as 20
 million kWh (kilowatt- hours) per year. When fully implemented, the
 aggregate purchase could be one of the U.S., if not the world's, top-10
 largest ever solar power initiatives.
     "We are taking aggressive steps towards our goal of being supplied by
 100 percent renewable energy," said Kim Saylors-Laster, vice president of
 energy for Wal-Mart. "The pilot project is yet another example of
 Wal-Mart's commitment to making decisions that are good for business and
 the environment."
     "We applaud Wal-Mart's drive to increase its use of energy efficiency
 and renewable energy technologies and look forward to the long-term
 positive impact their efforts will have on our environment," said Ron
 Judkoff, director of the Buildings and Thermal Systems Center at the U.S.
 Department of Energy's National Renewable Energy Laboratory (NREL).
 "Wal-Mart's decision to take advantage of the economic and environmental
 benefits of solar power and energy efficiency technologies is a great step
 in the right direction."
     The solar power pilot project is a major step toward Wal-Mart's goal of
 being supplied by 100 percent renewable energy. Each solar power generating
 system installed can provide up to 30 percent of the power for the store on
 which it is installed. By Wal-Mart's estimates, installing the solar power
 systems will help reduce greenhouse gas emissions by 6,500-10,000 metric
 tons per year. "Pilot project stores are expected to achieve savings over
 their current utility rates immediately-as soon as the first day of
 operation," said David Ozment, director of energy for Wal-Mart.
     "As a global business leader, Wal-Mart has chosen to generate clean,
 renewable solar power at its facilities because it makes good business
 sense and supports the company's environmental initiatives," said Tom
 Werner, chief executive officer of SunPower. "SunPower and our PowerLight
 subsidiary are committed to making solar an affordable, simple choice for
 businesses. We are very pleased to partner with Wal-Mart on this
     "Wal-Mart has demonstrated a true commitment to energy conservation,
 reduction of energy costs, and lowering greenhouse gas emissions," said
 Jigar Shah, chief executive officer of SunEdison. "We look forward to
 moving ahead with the project and working with Wal-Mart to determine how to
 best reach their renewable energy goals. These simplified solar-powered
 energy services will enable Wal-Mart to realize that environmental
 conservation can be enjoyed in accordance with the benefits of reduced as
 well as predictable long term energy pricing."
     SunEdison will provide the four solar power systems in Hawaii and four
 in California, while PowerLight and BP Solar will each supply seven systems
 in California. The systems installations are subject to receiving the
 appropriate permits and approvals in their respective states. Wal-Mart will
 use the power generated by the solar panels onsite at each store and will
 also keep the Renewable Energy Credits (RECs) the units produce, which is
 unique among most solar power purchases. Enabling Wal-Mart to maintain
 ownership of the RECs and its stores' environmental benefits is another
 important factor in allowing Wal-Mart to reach its goal of being supplied
 by 100 percent renewable energy.
     BP Solar agrees Wal-Mart's pilot project is a move in the right
 direction for business and environment. "We're delighted Wal-Mart has
 decided to move forward with these solar power installations and believe
 the company will soon see significant reductions in its electric bills and
 help lower greenhouse gas emissions," said Lee Edwards, chief executive
 officer of BP Solar. "By working together, companies like BP and Wal-Mart
 help make solar more affordable for everyone."
     Wal-Mart is currently testing renewable energy technologies, such as
 wind and solar power generation, in its experimental stores in McKinney,
 Texas and Aurora, Colorado. Along with the learnings from these stores, the
 company will use the results of the pilot project and its solar power
 purchase to explore additional ways to achieve its renewable energy goals
 and determine how to move forward with solar power generation at additional
 Wal-Mart stores, Sam's Clubs, and distribution centers.
     About Wal-Mart
     Wal-Mart Stores, Inc. operates Wal-Mart discount stores, Supercenters,
 Neighborhood Markets and Sam's Club locations in the United States. The
 Company operates in Argentina, Brazil, Canada, China, Costa Rica, El
 Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and
 the United Kingdom. The Company's securities are listed on the New York
 Stock Exchange under the symbol WMT. More information about Wal-Mart can be
 found by visiting http://www.walmartfacts.com . Online merchandise sales
 are available at http://www.walmart.com .
     About BP Solar
     BP Solar is a key business within BP Alternative Energy and a global
 company with over 2200 employees focused on harnessing the sun's energy to
 produce solar electricity. This includes the design, manufacture and
 marketing of quality solar electric systems for a wide range of
 applications in the residential, commercial and industrial sectors. With
 over 30 years of experience and installations in over 160 countries, BP
 Solar is one of the world's largest solar companies and has manufacturing
 facilities in the U.S., Spain, India and Australia. BP Solar is part of BP,
 one of the world's leading energy companies. To learn more, visit
 http://www.bpsolar.us .
     About SunEdison
     Sun Edison, LLC, is North America's leading solar energy services
 provider. SunEdison provides solar-generated energy at or below current
 retail utility rates to a broad and diverse client base of commercial,
 municipal and utility customers. For more information about SunEdison,
 please visit http://www.sunedison.com . The company headquarters is located
 in Beltsville, Md.
     About SunPower
     SunPower Corp. (Nasdaq:   SPWR) designs, manufactures and markets high-
 performance solar electric technology worldwide. SunPower's high-efficiency
 solar cells and panels generate up to 50 percent more power per unit area
 than conventional solar technologies and have a uniquely attractive,
 all-black appearance. SunPower's PowerLight subsidiary is a leading global
 provider of large-scale solar power systems, with over 100 megawatts
 installed. For more information on SunPower please visit the SunPower
 website at http://www.sunpowercorp.com . SunPower is a majority-owned
 subsidiary of Cypress Semiconductor Corp. (NYSE:   CY)

SOURCE Wal-Mart Stores, Inc.