trending Market Intelligence /marketintelligence/en/news-insights/trending/SYvCG0YMf3pLCcUau7gDPQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Engie, Walmart sign 'virtual power purchase agreement' for wind energy

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August


Engie, Walmart sign 'virtual power purchase agreement' for wind energy

In an unusual arrangement stretching across energy markets in the U.S. Southwest, ENGIE North America Inc. said it has signed two "virtual power purchase agreements" with Walmart Inc. for 366 MW from new wind projects.

Walmart will procure 166 MW from Engie's Prairie Hill Wind Project in McLennan County, Texas, along with 200 MW from the King Plains Wind Project in Noble County, Okla. Power provided under the virtual PPA "annually matches to portions of electricity load in Walmart stores, Sam's Clubs, and distribution centers throughout parts of the ERCOT and Southwest Power Pool markets," the companies said in a news release Oct. 22.

The deal to buy renewable energy from projects located in two separate wholesale markets — the Electric Reliability Council of Texas Inc. and Southwest Power Pool — in a single procurement makes the Engie-Walmart PPA unusual, the companies said. It also builds on a previous virtual PPA between the two companies in which Walmart will buy 150 MW from the Triple H Wind Project in Hyde County, S.D. A portion of the output from Triple H is also going to Boston University under a separate virtual PPA. The university plans to resell that power to users across the Midwest.

Prairie Hill, King Plains and Triple H are all planned at 250 MW and expected to come online in the 2020-2021 timeframe. Acquired in early 2018 by a subsidiary of ENGIE North America from Infinity Power Holdings, the three projects form part of France-headquartered parent company Engie SA's plan to add 2.5 GW of new renewable generation capacity in the U.S. by 2021. The company's worldwide renewable energy portfolio comprised 24 GW at the end of 2018.

Engie NA has also signed deals to supply Target Corp. with renewable energy.

Walmart has set a goal of powering one-half of its worldwide operations from renewable energy by the end of 2025. The company's renewable-energy program has encountered some speed bumps: In August, the retail giant said it was suing Tesla Energy Operations, Inc over a series of fires that erupted on the rooftops of several of its stores across the country, allegedly sparked by shoddy solar arrays installed by SolarCity Corp., which Tesla acquired in 2016. Between 2012 and 2018 the fires caused millions of dollars in damages, Walmart claimed.