BP to Supply California Wal-Marts with Solar Power system

“BP Solar today announced it won a bid to develop 4.3 megawatts of solar energy systems for seven Wal-Mart Stores in California. Under the agreement, BP Solar will sell all of the energy produced by the solar modules as well as operate and maintain the systems. No upfront capital investment will be needed by Wal-Mart, a benefit BP Solar offers to its commercial customers under its solar services agreement. In addition, Wal-Mart will benefit from receiving all of the renewable energy credits (RECs) associated with the energy output of the systems. According to Lee Edwards, BP Solar CEO, ‘Momentum is building in the domestic and global marketplace and BP Solar is building market share through capital investment not only in manufacturing capacity but in innovative customer offers. This project will prove that solar electric systems are economical and environmentally friendly from a business perspective by increasing energy security and lowering greenhouse gas emissions. By working together, companies like BP and Wal-Mart help make solar more affordable for everyone.’”