Wal-Mart Mexico to contract wind power in Oaxaca - report
May 29, 2014 - Wal-Mart de Mexico (MXK:WALMEX), of US retailer Wal-Mart Stores Inc (NYSE:WMT), will increase its green energy consumption with electricity from a wind power project in Oaxaca state, local daily Periodico AM reported Tuesday.
The name of the project will be announced in the second half of 2014, Juan Ruiz, energy under director for Mexico and Central America, said.
Wal-Mart will purchase the electricity for 430 stores, which represent nearly 20% of its units in Mexico. The company already supplies 400 stores with renewable energy from wind parks, a hydroelectric plant and solar panels.
Regarding Mexico's energy reform, the changes will allow the company to pursue renewable energy supply via new contract schemes, other than the self-supply regime.
Diana Hristova is our expert for Latin America. She has spent several years following the diverse industries in the region, the energy sector most of all. Now Diana is exploring Latin America’s huge wind, solar, geothermal and hydropower potential.