California PUC President Peevey said, “This marks another milestone in meeting California’s commitment to lead the nation in producing and using clean renewable energy. Solar is an important part of California’s goals in doing what is right for our businesses, citizens and the environment. I commend Kohl’s for its leadership.”
Once completed, Kohl’s use of solar power will generate more than 35 million kilowatt-hours (kWh) of renewable energy annually, the equivalent of powering an estimated 3,087 California homes. Additionally, in the first full year of operation, Kohl’s clean energy output will offset more than 28 million pounds of carbon dioxide (CO2), a greenhouse gas directly linked to global climate change. Over the span of 20 years, Kohl’s solar deployment will prevent in excess of 515 million pounds of carbon dioxide (CO2) emissions.
“Today’s activation marks a significant milestone for Kohl’s. Through our solar introduction, we’re further extending our commitment to green power and making a significant contribution to California’s renewable energy goals,” said Ken Bonning, Kohl’s executive vice president of logistics.
Kohl’s rooftop solar photovoltaic systems are being built under an agreement with SunEdison, North America’s largest solar energy services provider. Under the agreement, SunEdison manages the rooftop solar energy systems in exchange for Kohl’s commitment to purchase energy from SunEdison. In total, more than 138,000 solar panels are expected to be used when Kohl’s solar installations are complete in 2008.
“Kohl’s has chosen to use renewable energy to demonstrate environmental stewardship and contribute to a healthier environment in the communities in which they operate. We applaud Kohl’s leadership in finding a financially viable solution to deploying clean solar energy in a meaningful way,” said SunEdison CEO Tom Rainwater.
In July, Kohl’s was ranked No. 8 on EPA’s National Top 25 list – up from its No. 24 ranking in April 2007 – as well as rising to No. 2 on EPA’s Top 10 Retail list – up from No. 5 in April 2007. These lists highlight EPA Green Power Partners(a) that have completed the largest annual voluntary green power purchases through July 9, 2007. The EPA updates its Top Partner lists quarterly, which are available at http://www.epa.gov/greenpower/partners/top25.htm.
Kohl’s is also participating in EPA’s Fortune 500 Green Power Challenge(b) and currently ranks No. 6 among participating Fortune 500 partners. The goal of this campaign is roughly to double the existing green power purchases among Fortune 500 Green Power Partners to exceed 5 billion kWh of collective green power purchasing annually.
According to the EPA, solar power is one of many green sources of power which also include wind, geothermal and biogas. These sources of power are partially or entirely generated from clean resources and are considered cleaner than conventional sources of electricity in part because of lower carbon dioxide emissions.
ABOUT KOHL’s
Based in Menomonee Falls, Wis., Kohl’s (NYSE:KSS) is a family-focused, value-oriented specialty department store offering moderately priced, exclusive and national brand apparel, shoes, accessories, beauty and home products in an exciting shopping environment. A company committed to the communities it serves; Kohl’s operates 834 stores in 46 states and has raised more than $85 million for children’s initiatives nationwide through its Kohl’s Cares for Kids® philanthropic program. For a list of store locations and information, or for the added convenience of shopping online, visit www.kohls.com.
ABOUT SUNEDISON
Sun Edison LLC is North America’s largest solar energy services provider. SunEdison provides solar-generated energy at or below current retail utility rates to a broad and diverse client base of commercial, municipal and utility customers. For more information about SunEdison, please visit www.sunedison.com. The company headquarters is located in Beltsville, Md.