New Report Names Target the Top Corporate Solar Installer in the U.S.

WASHINGTON, Oct. 19, 2016 /PRNewswire-USNewswire/ -- Target has grabbed the top spot among American businesses that are going solar. The Solar Energy Industries Association (SEIA) revealed Target's ascension to the top of the list in its 2016 Solar Means Business report, issued today, which found that more American businesses are installing solar than ever before.

Adding more solar this year than any other U.S. retailer, Target now has 147.5 megawatts (MW) of installed solar capacity. This is the first time Target has ranked No.1 in the report's five-year history.

"We feel honored to be named the top corporate solar installer in the U.S. by the Solar Energy Industries Association," says John Leisen, vice president of property management at Target. "At Target, sustainability is a principle that drives the decisions we make across the company – from the products we make to the way we run our business. We're incredibly proud of the progress we've made in improving building efficiencies and reducing environmental impact. Our commitment to installing solar panels on 500 stores and distribution centers by 2020 is evidence of that progress."  

Other companies recognized in the report's Top 10 for their amount of solar capacity and number of solar installations include heretofore perennial champion Walmart (145 MW), Prologis (107.8 MW), Apple (93.9 MW), Costco (50.7 MW), Kohl's (50.2 MW), IKEA (44 MW), Macy's (38.9 MW), General Growth Properties, Inc. (30.2 MW) and Hartz Mountain Industries (22.7 MW).

"These blue-chip companies are proof that sustainability and profitability is not an either-or proposition," said SEIA's interim president Tom Kimbis. "Investing in solar is a common-sense decision that pays dividends for both the environment and companies' bottom lines and these leaders deserve a big round of applause. They're not only helping to create thousands of American jobs in solar, the nearly 2,000 corporate systems highlighted in this report are generating enough clean electricity to offset more than 1.1 million metric tons of harmful carbon emissions a year."

Covering corporate solar installs now in 38 states plus Washington D.C. and Puerto Rico, the 2016 Solar Means Business report tracks nearly 1,100 MW of solar installations at America's top companies. To put that in context, that's enough electricity to power the equivalent of 193,000 homes every year. Also noteworthy, in just the first three quarters of 2016, the report found 142 MW of corporate solar was added in the U.S., more than was installed in all of 2015 (129 MW).

"Solar plays a vital role within our renewable energy portfolio," said Mark Vanderhelm, vice president of energy for Walmart. "This is evident by our 2020 commitment of doubling solar energy projects at our Walmart stores, Sam's Clubs and distribution centers across the nation. Our focus is on finding those solar projects that are right for the business. Being recognized by the SEIA for our efforts is confirmation that we are moving in the right direction with regards to renewable energy, specifically solar."

"As the world's largest owner and operator of logistics real estate, we're proud to contribute to a low-carbon future and use our properties as a platform to generate large volumes of clean electricity," said Matt Singleton, vice president, Global Energy and Development, Prologis. "We are on pace to meet our goal of 200 megawatts of solar in our global portfolio by 2020, and we appreciate being acknowledged by SEIA for these efforts."

"We appreciate SEIA recognizing GGP's commitment to sustainability, which is imbedded in everything we do," said Shobi Khan, chief operating officer of GGP. "Solar energy is one of our areas of focus, and we've found that solar installations have the capability to deliver a significant amount of clean electricity to our shopping centers. Our investment in solar projects delivers benefits to the environment and strong returns to our shareholders."

"We're honored to be named by SEIA as a top company for another year in a row," said Lawrence Garb, executive vice president and managing director of Hartz Mountain Industries, Inc. "Hartz continues to find the economics of the New Jersey solar market very accretive and has continued to increase its pipeline of new projects."

For photos, rankings and the report's underlying data go to SEIA's multi-media landing page www.seia.org/solarmeansbiz.

About SEIA®:
Celebrating its 42nd anniversary in 2016, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry. Through advocacy and education, SEIA® is building a strong solar industry to power America. As the voice of the industry, SEIA works with its 1,000 member companies to champion the use of clean, affordable solar in America by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy. Visit SEIA online at www.seia.org.

SOURCE Solar Energy Industries Association

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