Whole Foods Market and NRG to Plan Large Scale Commercial Solar Project Portfolio
March 08 2016 - 8:00AM
Business Wire
Whole Foods Market, America’s healthiest grocery store, in
conjunction with NRG Energy, Inc. (NYSE:NRG), the country’s leading
integrated competitive power company, plans to install rooftop
solar at up to 84 Whole Foods stores and distribution centers
across 9 states to generate renewable energy onsite. When completed
and determined by final negotiations and analysis, the portfolio of
solar projects has the potential to generate up to 13.8 megawatts
(MW) of solar power.
NRG will help Whole Foods Market build what may become, upon
completion, one of the largest commercial rooftop solar
installations in the country1. NRG’s single-brand, multi-site
approach facilitated a streamlined process to obtain contracted
solar generation and tailored financing options that allowed NRG to
meet Whole Foods Market’s needs.
“Installing solar at Whole Foods Market locations across the
country will increase the percentage of renewable energy that is
generated in communities where we work,” said Kathy Loftus, Global
Leader in Sustainability for Whole Foods Market. “We’re thrilled to
work with NRG to bring about this multiple stakeholder view of our
clean energy goals while simultaneously maximizing the utilization
of resources.”
With one of the largest and most diverse energy portfolios in
the country, NRG is uniquely positioned to provide holistic energy
solutions that combine renewable energy generation with additional
energy services to meet the challenges facing commercial customers.
NRG’s sustainability solutions aim to provide measurable financial
benefit, demonstrating that clean energy and economic growth are
not mutually exclusive goals.
“Whole Foods Market is an ideal match for NRG. Their vision and
mission aligns with NRG’s approach to driving smarter, cleaner
energy solutions while continuing to serve customers, neighbors and
the community,” said Rob Gaudette, SVP, Business Solutions, NRG.
“We’re committed to providing our customers, like Whole Foods
Market, with energy solutions that support both sustainability and
economic growth.”
NRG develops, finances, owns and operates energy projects,
products and solutions. When executed, the Whole Foods Market
project portfolio is expected to be funded in part through NRG’s
ongoing partnership with NRG Yield.
About Whole Foods Market
Founded in 1978 in Austin, Texas, Whole Foods Market
(wholefoodsmarket.com, NASDAQ: WFM), is the leading natural and
organic food retailer. As America’s first national certified
organic grocer, Whole Foods Market was named “America’s Healthiest
Grocery Store” by Health magazine. The company's motto, “Whole
Foods, Whole People, Whole Planet”™ captures its mission to ensure
customer satisfaction and health, team member excellence and
happiness, enhanced shareholder value, community support and
environmental improvement. Thanks to the company’s more than
91,000 team members, Whole Foods Market has been ranked as one of
the “100 Best Companies to Work For” in America by FORTUNE magazine
for 18 consecutive years. In fiscal year 2015, the company had
sales of more than $15.4 billion and currently has more than 435
stores in the United States, Canada and the United Kingdom. For
more company news and information, please visit media.wfm.com.
About NRG
NRG is the leading integrated power company in the U.S., built
on the strength of the nation’s largest and most diverse
competitive electric generation portfolio and leading retail
electricity platform. A Fortune 200 company, NRG creates value
through best in class operations, reliable and efficient electric
generation, and a retail platform serving residential and
commercial businesses. Working with electricity customers, large
and small, we continually innovate, embrace and implement
sustainable solutions for producing and managing energy. We aim to
be pioneers in developing smarter energy choices and delivering
exceptional service as our retail electricity providers serve
almost 3 million residential and commercial customers throughout
the country. More information is available at www.nrg.com.
Connect with NRG Energy on Facebook and follow us on Twitter
@nrgenergy.
Forward-Looking Statements
This communication contains forward-looking statements that may
state NRG’s or its management’s intentions, beliefs, expectations
or predictions for the future. Such forward-looking statements are
subject to certain risks, uncertainties and assumptions, and
typically can be identified by the use of words such as “will,”
“expect,” “estimate,” “anticipate,” “forecast,” “plan,” “believe”
and similar terms. Although NRG believes that its expectations are
reasonable, it can give no assurance that these expectations will
prove to have been correct, and actual results may vary materially.
Factors that could cause actual results to differ materially from
those contemplated above include, among others, risks and
uncertainties related to the capital markets generally.
1
Solar Means Business 2015: Top U.S.
Corporate Solar Users,
http://www.seia.org/research-resources/solar-means-business-2015-top-us-corporate-solar-users
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version on businesswire.com: http://www.businesswire.com/news/home/20160308005464/en/
NRGMedia:Marijke Shugrue,
609-524-5262orInvestors:Kevin Cole, 609-524-4526orLindsey
Puchyr, 609-524-4527orWhole Foods MarketBlaire Kniffin,
512-542-3483
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