Target Corporation is the eighth-largest retailer in the United States, and is a component of the S&P 500 Index.

Target plans to power 100 percent of its U.S operations with renewable generation by 2030, including stores, distribution centers, and offices.

What Happened?

The big-box retailer has signed a power purchase agreement (PPA) with ENGIE North America for 89 MW of capacity from the Sand Fork Solar Project in Texas.

Target’s PPA has a term of 15 years and is estimated to result in the annual generation of 250,000-megawatt hours. Enough energy to power 250,000 U.S homes for more than a month.

Why It Matters

Target says it is taking a major step forward by committing to source 100 percent of its electricity from renewable sources by 2030.

The goal, which applies to all of Target’s domestic operations, will help power stores, distribution centers, and offices even more responsibly.

“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,” says John Leisen, vice president, property management, Target. “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.”

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Renewable industry employed 11 million people in 2018

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