Akuo Energy signs 50 MW PPA with Walmart

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Akuo Energy signs 50 MW PPA with Walmart

Akuo Energy USA, Inc. has signed a 12-year power purchase agreement (PPA) with Wal-Mart, for 50 MW of capacity from the 180 MW Rocksprings wind farm near Del Rio, Texas.

When complete in the third quarter of 2016, the Rocksprings wind farm will produce annually enough green electricity to power the equivalent of approximately 57,500 homes.

Thomas Coté, CEO of Akuo Energy USA, stated:

“We are very pleased to sign this power purchase agreement with the world’s largest retailer, Walmart. The Rocksprings wind farm is Akuo Energy’s first project under construction in the United States, and we look forward to continued collaboration with sustainable minded companies like Walmart. Corporations across America should take note of the leadership and vision displayed by Walmart in implementing this renewable energy strategy”.

Rocksprings’ total installed capacity will amount to 180 MW in two phases and is part of Akuo Energy’s portfolio of projects totaling over 1,000 MW in the United States, primarily in wind power but also in solar power. Akuo Energy’s activities in the United States are entirely managed from Chicago by its subsidiary Akuo Energy USA.

Shannon Letts, senior vice president of Walmart Realty, commented:

“The Akuo PPA is a welcome addition to our renewable energy portfolio, and will provide power to more than 350 Walmart stores, Sam’s Clubs, and Distribution Centers in Texas. We are constantly working to scale Walmart's use of renewable energy, and each project like this helps us get closer to our goal to produce or procure seven billion kilowatt hours (kWh) of renewable energy globally by 2020."

On 15 April 2014 Akuo Energy USA, selected 56 GE 1.7-103 wind turbines to power its Rocksprings Phase I wind farm in Val Verde County, Texas. In addition to a turbine supply agreement, Akuo Energy USA and General Electric entered into a full service agreement for the long-term operation and maintenance of the wind farm.

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