Energy Independent Companies

Published:  June 17, 2015

Energy independence is no longer just an ambition of sovereign nations – corporations are striving for it too. Large companies are increasingly developing and operating their own renewable energy plants, some with the goal of fully powering their operations with green electricity. Take Wal-mart, which developed its first on-site solar project in 2005. By the end of 2013, the company had 335 renewable energy projects in operation throughout the world, generating 2.2 billion kilowatt hours of power 24 percent of Wal-Mart’s total electricity needs. Other are even further down the road to self-sufficiency. Mexican supermarket chain Soriana said this month that it plans to spend $260million to build two wind farms in the northern state of Tamaulipas. The farms are expected to generate enough electricity for more than 300 Soriana stores, bringing the total number of its renewable-powered stores to 506 out of 674. And Swedish furniture maker IKEA announced this month that it was on track to reach its goal of powering 100 percent of its operations with renewable energy by 2020.

Source: The Financialist

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