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Engie, Walmart seal PPAs for 366 MW of wind power

Source: Walmart Inc (www.walmart.com). All rights reserved.

October 22 (Renewables Now) - Engie US Wind and retailer Walmart Inc (NYSE:WMT) have signed two virtual renewable power purchase agreements (VPPAs) that will support the construction of wind farms with a combined capacity exceeding 366 MW.

Walmart will buy 166 MW of capacity from the Prairie Hill project in Texas and 200 MW from the King Plains project in Oklahoma. The North American unit of French energy group Engie SA (EPA:ENGI) is currently building those wind parks.

The retailer already has a similar contract with Engie for the output of 150 MW at the Triple H wind project in South Dakota. Each of the three contracted projects is part of a portfolio that was acquired by Engie in early 2018 from Infinity Power Holdings.

Walmart is pursuing its goal of powering half of its operations with renewables by the end of 2025.

Meanwhile, Engie is looking to add 9 GW of renewable energy capacity to its global portfolio by 2021, including 2.5 GW in the US alone.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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