NEW YORK: Wal-Mart Stores Inc said on
Thursday that it had entered into a partnership with Duke Energy to have wind
power supply up to 15 percent of its energy load for roughly 360 of its stores
and facilities in Texas.
Wal-Mart, the world's biggest retailer, said
it expected by April to begin obtaining electricity from a Duke Energy wind farm
under construction in Notrees, Texas.
"We're purchasing renewable
power at traditional energy rates," Kim Saylors-Laster, vice president of energy
for Wal-Mart, said in a statement.
The partnership is part of
Wal-Mart's goal of one day using only renewable energy and creating zero
waste.
Wal-Mart said the project would provide roughly 226 million
kilowatt-hours of renewable power each year -- the energy equivalent of washing
108 million loads of laundry.
While soaring energy prices earlier
this year prompted increased calls by politicians for wider use of renewable
power, investment in clean energy sources by utilities and financial players has
stalled because of the tight credit market conditions.
Oil
billionaire T. Boone Pickens said earlier this month that he would delay
development of a planned wind farm, and FPL Group, the largest U.S. wind power
generator, has reduced its planned 2009 spending on new projects.