Today Wal-Mart Stores, Inc. announced a major purchase of solar power from three solar power providers, BP Solar (NYSE:BP), SunEdison LLC, and PowerLight, a subsidiary of SunPower Corporation (NASDAQGM: SPWR), for 22 combined Wal-Mart stores, Sam’s Clubs and a distribution center in Hawaii and California.
Back in December, when Wal-Mart first put out the RFP, I predicted that SunEdision would participate, and that the solar utility model (where you don’t own the panels, but rather contract for solar power) would continue to gain steam. I think we can take this to mean that BP Solar, Powerlight, and SunEdison are very serious about pursuing this model, and also that they are serious about supplying solar power at a reasonable price. Otherwise, they wouldn’t be doing business with Wal-Mart.
For more of my thoughts on this business model, see my original article.