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The Home Depot Broadens its Support of Renewables, Announcing Major Wind Investment

February 06, 2017

In a move that further underscores the growing number of organizations leveraging renewable energy sources, The Home Depot announced that it has made its first significant investment in a wind-powered energy project. The company will purchase 50 MW from the Los Mirasoles Wind Farm through a 20-year power purchase agreement. The deal is part of The Home Depot’s long-range renewable energy initiative to procure 135 MW of various renewable energy sources, including solar and wind, by the end of 2020. The home improvement retailer already procures power from solar farms in Delaware and Massachusetts and recently announced a plan to install behind-the-meter energy storage solutions at about 60 of its retail stores. When complete, more than 200 of its stores and distribution centers will utilize onsite fuels cells that produce roughly 85 percent of the electricity each location needs to operate.

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