DENVER (March 26, 2024) -- Leading national renewable energy provider Pivot Energy announced today that Walmart is investing in 19 solar projects under development across the country including 15 community solar projects. The strategic tax equity investment will drive the construction, operation, and maintenance of a diverse solar project portfolio across five states – Illinois, Colorado, Maryland, Delaware, and California.
The tax equity investment from Walmart will facilitate the construction of 72 megawatts (MWdc) of community solar projects. Collectively, these projects will increase renewable energy production and reduce reliance on fossil fuels, effectively reducing greenhouse gas emissions. Notably, 41 MWdc of projects in Colorado are specifically designed to serve low and moderate-income homes, impactfully reducing energy burdens for vulnerable communities. The community solar projects are expected to be constructed in 2024 and 2025 and will support an estimated 7,000+ households' access to community solar subscriptions with $6M+ in potential annual savings, in addition to local businesses and entities.
