Pivot Energy announced Walmart is investing in 19 of its solar projects currently under development, including 15 community solar projects. Walmart’s tax equity investment will support the construction, operation, and maintenance of the solar project portfolio, which expands across five states – Illinois, Colorado, Maryland, Delaware, and California.
The community solar projects alone are projected to create 72 MW of clean energy nationwide while increasing renewable energy production and reducing reliance on fossil fuels. This includes 41 MW of projects slated for Colorado specifically designed to serve low- and moderate-income homes.
“Our partnership with Pivot demonstrates our approach to new clean energy investments. In addition to facilitating a cleaner power grid, this portfolio will help expand access to clean energy and provide direct savings on energy costs for thousands of households in the communities we serve, including low- and moderate-income communities,” said Frank Palladino, VP of Renewable Energy Strategy at Walmart.
The community solar projects are set for construction in 2024 and 2025, and they will provide more than 7,000 homes and local businesses with access to community solar subscriptions.
Pivot Energy will also work closely with landowners to maximize solar energy production and agricultural production on several of the community solar projects – creating an agrivoltaics system.
At these sites, Pivot Energy will implement responsible land stewardship practices, such as installing drip irrigation to enable high-quality crop production between solar array rows, making habitat enhancements, and participating in sheep grazing.
“We are thrilled to partner with Walmart to scale renewable energy across the US and meet the moment of corporate decarbonization demand. By leveraging our expertise in community solar development, we are committed to delivering impactful projects that promote sustainability and equitable access to clean energy,” said Tom Hunt, CEO of Pivot Energy.
