Why Big Retailers Are Going Solar
It’s about economics, not just environmentalism.
Years ago, big retailers and tech companies installed solar panels as a way to take an environmental stance. But these days it’s often an economic choice that is fueled by the promise of lower and less volatile energy costs.
On Tuesday, Whole Foods WFM 0.78% said that it planned a huge project to cover nearly one-fourth of its stores with solar panels. After construction is complete, Whole Foods says it could be among the top 25 biggest commercial U.S. solar suppliers alongside Walmart WMT 0.37% , Walgreens WBA -0.48% , and Target TGT -0.51% .
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