We recently wrote about WalMart's huge pilot solar project. And while it's still a great start, we're excited to note that Kohl's department store is already trumping WalMart's project by turning almost all of its California stores into solar installations.
The Kohl's project will be the largest single purchase of solar panels ever in North America and it will produce over 35 million kW/h of power per year. While WalMart has a lot more roof space to eventually expand onto, Kohl's is showing true forethought here by installing panels on a large percentage of its stores.
SunEdison will actually be paying for the panels, and then selling the electricity that comes off them to Kohl's. One of the biggest problems with solar is that the upfront cost is huge, while the fuel (sunlight) is free. SunEdison's innovative financing has allowed them to bear the burden of the upfront costs, while eventually making quite a bit of cash over the lifetime of the panel.
Via JS Online
written by Hun Boon, May 15, 2007
written by 2Renu, May 16, 2007
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