Target sets sights on new renewable energy goal

Renewable Energy

US retail giant commits to sourcing all its electricity from renewable sources by 2030

The march towards a low-carbon economy took another step forward last week, as one of America’s largest retailers pledged to switch to 100 per cent to renewable power.

Retail giant Target publicly committed to sourcing all its electricity from renewable sources by 2030, while also establishing an interim goal of reaching a 60 per cent renewables share by 2025.

The commitment applies to all the firm’s domestic operations, encompassing its stores, distribution centres, and offices, the firm said.

“At Target, we’ve been on a multi-year journey to operate our facilities more sustainably, and setting this ambitious goal is an important milestone,” said John Leisen, vice president of property management. “We’re proud of the work we’ve already done with renewable energy in our stores, and we’ll continue to explore more opportunities and partnerships to realize this goal.”

Target’s previous investments have supported the construction of a series of new renewable energy projects, the firm added, such as the Lone Tree Wind Project in Illinois with Leeward Renewable Energy LLC, and San Fork Solar in Texas with ENGIE.

Together, the projects are estimated to generated 556,000MWh of renewable electricity, sufficient to power 280 Target stores annually, the firm said.

However, currently the company estimates 22 per cent of its electricity comes from renewable sources, meaning significant further investment is likely to be required to meet the 100 per cent goal.

The new renewables sourcing push will take place alongside a strengthened on-site generation strategy, which will see the company install rooftop solar panels at 500 locations by 2020 and deploy electric vehicle charging stations at 100 sites.

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