Home improvement retailer The Home Depot announced Nov. 30 that 100 MW of solar energy the company bought from National Grid Renewables is expected to generate the equivalent of nearly 8% of its total electricity usage.
The solar farm is Texas-based National Grid Renewables’ largest solar energy project to date, and its first utility-scale energy storage project, The Home Depot said.
The company has pledged to produce or procure “100% renewable electricity equivalent to the electricity needs for all Home Depot facilities by 2030.” The Home Depot said it would expand the company’s previous commitment to produce or procure 335 megawatts of renewable or alternative energy by 2025.
“Solar energy is the most abundant energy resource on earth,” said Ron Jarvis, Chief Sustainability Officer for The Home Depot. “With this purchase, we are getting a step closer to our goal to produce or procure 100% renewable electricity equivalent to the needs of our facilities. We anticipate about three-quarters of our alternative and renewable energy capacity will come from solar energy by the end of 2023.”
The Home Depot’s Pro Institutional division ranks eighth on MDM’s 2022 Top Industrial Distributors list.