News in brief
Walmart Buy strengthens its green energy targets
Walmart Inc. will get 60 megawatts of electricity from a recently completed wind farm in Indiana, advancing its goal of reaching 100% renewable energy by 2035.
EDP Renewables North America announced Wednesday that its 198-megawatt Headwaters II wind farm will provide power to the Bentonville retailer under a long-term power purchase agreement announced in 2018. Walmart bought An additional 173 megawatts that year under two more deals with wind power. producer.
Power purchase agreements allow customers to purchase power from an energy system for a predetermined period, according to the Department of Energy. Customers get stable and often low-cost electricity with no up-front costs.
“Creating a sustainable future requires bold collective action, which is why Walmart is committed to powering its facilities with 100% renewable energy by 2035 and achieving zero emissions by 2040,” said Mark Vanderhelm, vice president of energy and facilities management at Walmart.
Working with EDP Renewables helps Walmart move towards these goals, Vanderhelm said.
– Serenah McKay
Dallas at the top of real estate transactions
The Dallas area was the nation’s top market for commercial real estate investment in the first half of 2021.
Dallas has retained the top spot in real estate it won last year at the start of the pandemic, according to a new report from Real Capital Analytics.
In the first six months of this year, Dallas recorded nearly $ 13.4 billion in commercial real estate transactions, up 43% from the same period a year ago. Last year, more than $ 19.7 billion in commercial real estate transactions were recorded in the Dallas market.
Sales of dozens of apartment and warehouse communities, as well as the $ 700 million purchase of the Uptown Dallas’ Crescent complex, all contributed to the huge volume of real estate investment in the area this year.
The Crescent was ranked as the second largest commercial real estate transaction in the country in the first six months of 2021.
Atlanta was second nationally with $ 11.1 billion in real estate transactions. Los Angeles was third with $ 10.7 billion. Houston was sixth with nearly $ 7 billion in transactions.
– The morning news from Dallas
Arkansas index loses 2.89 on a declining day
The Arkansas Index, a price-weighted index that tracks the state’s largest public companies, closed Thursday at 634.30, down 2.89.
“Stocks edged up slightly as fears of a slowing economy prompted investors to shift away from cyclical stocks to growth sectors including information technology and healthcare,” said Leon Lants, Managing Director of Stephens Inc.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of December 30, 1997.