Target Corp. is going all in for clean energy.
The retailer is committing to source 100% of all its electricity from renewable sources by 2030. The goal applies to all of Target’s domestic operations, including stores, distribution centers and offices. Currently, an estimated 22% of the electricity Target uses to power its business comes from renewable sources.
Additionally, the retailer has committed to tracking its progress and will source 60% renewable electricity by 2025. This goal builds off its previous renewable energy goal announced in 2017.
Recently, Target signed a PPA with ENGIE North America for 89 MW of capacity from the Sand Fork Solar Project in Texas. The project is expected to be completed in the summer of 2021 and have a total capacity of 200 MW. The remainder of the project’s capacity will be purchased by another corporate customer.
Target’s PPA has a term of 15 years and is estimated to result in annual generation of 250,000 MWh.
“We truly value the opportunity to support Target in its commitment to source electricity from renewables,” said Gwenaelle Avice-Huet, CEO of ENGIE North America. “By serving Target with the Sand Fork Project, we’re proud to help shape a sustainable future for customers and communities and reinforce our ambition to lead the zero-carbon transition.”