The Home Depot and RILA: Financing a Renewable and Alternative Energy Commitment
The Home Depot, the world’s largest home improvement retailer, has more than 2,200 stores across North America. In 2015, the company established a renewable energy target of procuring 135 megawatts (MW) of energy through renewable and alternative sources by 2020 (approximately 62 MW of wind, 43 MW of fuel cells, 15 MC of offsite solar, and 15 MW of rooftop solar). Home Depot also established an energy efficiency target to reduce total store electricity use 20 percent by 2020. Throughout the years, the retailer has taken advantage of the most appropriate market options to implement a variety of onsite and offsite renewable energy projects to help achieve its targets. To view the full PDF version of this implementation model, click here.
Home Depot has taken advantage of the most appropriate market options to implement a variety of onsite and offsite renewable energy projects to help achieve its targets: 135 MW of energy through renewable and alternative sources by 2020.
Paying for renewable and alternative energy projects.
Leverage financing options like Power Purchase Agreements (PPAs) and community solar that eliminate the need for internal capital and/or renewables operations and maintenance (O&M) expertise.
In 2017, Home Depot procured a total of about 475,000 megawatt-hours (MWh) of renewable and alternative electricity from fuel cells, solar panels, offsite wind, and community solar and has committed to even more.