April 26, 2007
KOHL'S READIES ITS CALIFORNIA ROOFTOPS FOR SOLAR POWER
Retailer's solar debut marks largest in U.S., represents 15 percent of the state's total installations
MENOMONEE FALLS, Wis., April 26, 2007 — Kohl's Corporation (NYSE: KSS) today announced its plans to convert more than 75 percent of its California locations to solar power. Initial construction will begin in May on the Laguna Niguel and Visalia Kohl’s locations. In total, 24 of Kohl’s 80 California locations will mark the company’s immediate entry into solar energy. Within the state, Kohl’s also is pursuing permits and approvals for an additional 40 or more locations.
“Kohl’s is committed to being environmentally responsible,” said Ken Bonning, executive vice president of logistics for Kohl’s. “We are actively seeking ways to make a difference as an organization. Our continued commitment to green power is an important way Kohl’s can make an immediate and long-term impact.”
According to a recent online survey, *88 percent of respondents said global warming is a very significant issue and more than 75 percent think they might be able to change the course of global warming. Kohl’s customers nationwide are making changes in their homes to be more environmentally friendly, but Kohl’s has the opportunity to do something its customers can’t by making a large-scale move to help reduce greenhouse gas emissions associated with conventional electricity use.
Kohl’s initial purchase of solar power will generate more than 35 million kWh of renewable energy. In the first year of operation, Kohl’s clean energy output will offset more than 28 million pounds of carbon dioxide (CO2), a greenhouse gas directly linked to global climate change.
“The scope of Kohl’s commitment to domestically produced, clean renewable energy is signified by the size and breadth of their solar program — the single largest purchase of solar energy in U.S. history,” said Jigar Shah, CEO of SunEdison, North America’s largest solar energy service provider. “SunEdison looks forward to the construction and ‘solarization’ of each of these Kohl’s locations in the coming months.”
Upon permit approval, construction and activation of each California Kohl’s solar conversion will take approximately 12 weeks. The first two stores will be completed by August of this year and all designated solar locations in California will be finalized by the end of 2008. In addition to California, Kohl’s is investigating solar options in six other states.
Kohl’s is working closely with the state of California to help meet the goals set by the governor and Public Utility Commission. Through the California Solar Initiative (CSI) program, launched in 2007, the state expects to generate 3,000 MW of solar power by 2017. Kohl’s solar deployment represents approximately 15 percent of the state’s installations to date. When complete, Kohl’s solar deployment alone will represent approximately 1 percent of California’s 10-year objective.
In January, Kohl’s was ranked fifth by the EPA as a Top 10 Retail Partner, which recognizes the nation’s largest green power purchasers within the retail category. EPA also released its updated Top 25 list, which highlights the largest national purchasers in the Green Power Partnership. Kohl’s is currently ranked No. 22. Both lists highlight EPA Green Power Partners** that have completed the largest annual voluntary purchases through December 31, 2006. The top partner lists are updated quarterly.
Kohl’s is also participating in EPA’s Fortune 500 Green Power Challenge and currently ranks No. 11 on EPA’s Fortune 500*** list of Green Power Partners. The goal of EPA’s 13-month campaign is roughly to double the existing green power purchases among participating Fortune 500 Green Power Partners to exceed 5 billion kWh of collective green power purchasing annually. There are more than 40 Fortune 500 Partners in EPA’s Green Power Partnership.
According to the EPA, solar power is one of many green sources of power which also include wind, geothermal and biogas. These sources of power are partially or entirely generated from clean resources and are considered cleaner than conventional sources of electricity in part because of lower carbon dioxide emissions.
Based in Menomonee Falls, Wis., Kohl’s is a family-focused, value-oriented specialty department store offering moderately priced, exclusive and national brand apparel, shoes, accessories, beauty and home products in an exciting shopping environment. Kohl’s operates 834 stores in 46 states. For a full list of store locations and information, or for the added convenience of shopping online, visit www.kohls.com.
* Survey by Care2, a six-million member, online network dedicated to environmental conservation and human rights.
**For a full listing of EPA’s Green Power Partners and information about buying green power, visit the Partnership’s Web site at http://www.epa.gov/greenpower/.
***For more information about EPA’s Fortune 500 Green Power Challenge, visit http://www.epa.gov/greenpower/partners/fortune500.htm.
Kelli Ramey, (262) 703-7725
Vicki Shamion, (262) 703-1464