Walmart, Energy Procurement Consultant Collaborate To Assist Walmart Suppliers In Accessing Renewable Energy
September 10, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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Walmart Inc. and Schneider Electric today announced a new collaboration intended to provide increased access to renewable energy for Walmart's US-based suppliers
The initiative, called the Gigaton PPA (GPPA) Program, is designed to educate Walmart suppliers about renewable energy purchases and accelerate renewable energy adoption by participating suppliers through aggregate power purchase agreements (PPA).
"The program directly supports Walmart's Project Gigaton, which aims to avoid one gigaton (one billion metric tons) of carbon dioxide from Walmart's global value chain by 2030. To date, more than 2,300 suppliers from 50 countries are participating in Project Gigaton," the companies said
The companies said that, "Some of the challenges to accessing renewable energy experienced by smaller companies include a lack of size needed to approach the market individually, insufficient education on the specific mechanics of renewable energy transactions and guidance on how to secure renewable energy."
"The GPPA initiative was designed to help overcome these barriers, making it possible for more companies to learn about energy purchases, access renewable energy, reduce emissions and increase their ability to contribute towards Project Gigaton. The GPPA program works by educating participants on the renewable energy market, providing guidance on the projects, and bringing together interested companies to contract for renewable energy as a cohort, leveraging the size of the group to achieve an economy of scale. Walmart will serve as the convening champion for the program, inviting suppliers to join," the companies said
Walmart has collaborated with Schneider Electric's Energy & Sustainability Services (ESS) to run the GPPA Program. Schneider Electric's team will engage participating Walmart suppliers and facilitate a multi-phase education and project selection process to advance supplier progress towards the execution of aggregated renewable energy purchases.
"Schneider Electric's ESS is the largest global consultant on corporate renewable purchasing, having advised companies, including Walmart, on over 100 utility-scale PPA purchases across North America, Europe, India, Australia and Latin America for a total of more than 8,000 megawatts of wind and solar power," the companies said