Walgreens Extends its Renewable Energy Commitment to 22 Stores in Colorado with SolarCity

  Walgreens Extends its Renewable Energy Commitment to 22 Stores in Colorado
  with SolarCity

Walgreens ranked as a leading retailer of utilizing renewable energy with 134
                 locations nationwide using solar electricity

Business Wire

AURORA, Colo. -- April 1, 2013

Walgreens (NYSE: WAG) (Nasdaq: WAG), the nation’s largest drugstore chain,
today announced an expansion of its renewable energy initiative to Colorado
with SolarCity (Nasdaq: SCTY), a leading provider of clean energy. SolarCity
will implement solar systems at 22 Walgreens stores across 14 different cities
in Colorado in the coming months. The new solar systems cumulatively will
reduce more than 47.5 million pounds of carbon dioxide (CO2) emissions over
the next 20 years, which is comparable to planting 25,711 trees.*

Walgreens Extends its Renewable Energy Commitment to 22 Stores in Colorado
with SolarCity (Nasdaq: S ...

Walgreens Extends its Renewable Energy Commitment to 22 Stores in Colorado
with SolarCity (Nasdaq: SCTY). The new solar systems cumulatively will reduce
more than 47.5 million pounds of carbon dioxide (CO2) emissions over the next
20 years, which is comparable to planting 25,711 trees. (Photo: Business Wire)

“A strong commitment to the local community is one of our company’s core
values,” said Menno Enters, director of Energy and Sustainability at
Walgreens. “SolarCity is helping us contribute to the health of the local
communities we operate in by providing us with clean energy as well as
contributing to the local economy in Colorado.”

Walgreens and SolarCity celebrated the completion of the first in a series of
solar installations at the retail store on Smoky Hill Road in the City of
Aurora. Honorable guests including Congressman Mike Coffman and City of Aurora
Mayor Steve Hogan commemorated Walgreens’ commitment to the environment with a
ribbon-cutting ceremony at a gathering of Walgreens employees, patrons, Xcel
Energy and SolarCity representatives. Walgreens is ranked as the second
leading retailer in the U.S. in utilization of renewable energy at its stores,
according to Solar Energy Industries Association (SEIA).**

“Colorado has been at the forefront of energy conservation,” said Congressman
Mike Coffman. “And I’m happy to see that SolarCity and Walgreens have teamed
up to help meet our state’s renewable energy goals.”

Walgreens began implementing solar in 2007 at many of its retail stores across
the country. The new rollout in Colorado brings Walgreens closer to reaching
the U.S. Department of Energy’s (DOE) Better Buildings Challenge. The company
has committed to reducing its energy use by 20 percent by the year 2020 across
125 million sq. feet of its retail floor space.

“SolarCity is proud to support Walgreens’ renewable energy goals that have
made it one of the greenest retailers today,” said Eric Wittenberg,
SolarCity’s regional vice president in Colorado. “The adoption of solar by
companies like Walgreens also has an economic impact in the community as it
drives the growth of local jobs. Since we launched our services in Colorado in
2009, our two local operations centers in Denver and Parker now employ more
than 180 people.”

* calculations based on data from Environmental Protection Agency (EPA)
** according to SEIA and GTM U.S. Solar Market Insight Report

About Walgreens

As the nation's largest drugstore chain with fiscal 2012 sales of $72 billion,
Walgreens (www.walgreens.com) vision is to become America’s first choice for
health and daily living. Each day, Walgreens provides more than 6 million
customers the most convenient, multichannel access to consumer goods and
services and trusted, cost-effective pharmacy, health and wellness services
and advice in communities across America. Walgreens scope of pharmacy services
includes retail, specialty, infusion, medical facility and mail service, along
with respiratory services. These services improve health outcomes and lower
costs for payers including employers, managed care organizations, health
systems, pharmacy benefit managers and the public sector. The company operates
8,057 drugstores in all 50 states, the District of Columbia and Puerto Rico.
Take Care Health Systems is a Walgreens subsidiary that is the largest and
most comprehensive manager of worksite health and wellness centers and
in-store convenient care clinics, with more than 700 locations throughout the
country.

About SolarCity

SolarCity® (NASDAQ: SCTY) provides clean energy. The company has disrupted the
century-old energy industry by providing renewable electricity directly to
homeowners, businesses and government organizations for less than they spend
on utility bills. SolarCity gives customers control of their energy costs to
protect them from rising rates. The company offers solar power, energy
efficiency and electric vehicle services, and makes clean energy easy by
taking care of everything from design and permitting to monitoring and
maintenance. SolarCity currently serves 14 states and signs a new customer
every five minutes. Visit the company online at www.solarcity.com and follow
the company on Facebook & Twitter.

Walgreens Cautionary Note Regarding Forward-Looking Statements: Statements in
this release that are not historical are forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Words such as "expect," "likely," "outlook," "forecast,
"would," "could," "should," "can," "will," "project," "intend," "plan,"
"goal," “target,” "continue," "sustain," "on track," "believe," "seek,"
"estimate," "anticipate," "may," "possible," "assume," variations of such
words and similar expressions are intended to identify such forward-looking
statements. These forward-looking statements are not guarantees of future
performance and involve risks, assumptions and uncertainties, including, but
not limited to, those described in Item 1A (Risk Factors) of Walgreens most
recent Annual Report on Form 10-K, which is incorporated herein by reference,
and in other documents that we file or furnish with the Securities and
Exchange Commission. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those indicated or anticipated by such
forward-looking statements. Accordingly, you are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date
they are made. Except to the extent required by law, Walgreens does not
undertake, and expressly disclaims, any duty or obligation to update publicly
any forward-looking statement after the initial distribution of this release,
whether as a result of new information, future events, changes in assumptions
or otherwise.

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Contact:

SolarCity
Khyati Shah, 650-963-5674
press@solarcity.com
 
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