Walgreens to Expand Solar Energy Installations to More Than 200 Stores

  Walgreens to Expand Solar Energy Installations to More Than 200 Stores

   Upcoming Solar Rollout with Fellow Illinois-Based Company SoCore Energy
    Positions Walgreens as the Leading Retailer in Number of Solar Energy

Business Wire

DEERFIELD, Ill. -- June 19, 2013

Walgreens (NYSE: WAG) (Nasdaq: WAG), the nation’s largest drugstore chain,
together with Chicago-based solar developer SoCore Energy, today said they
will build more than 200 new solar installations at Walgreens drugstores
throughout California, Connecticut, Delaware, Massachusetts, New Jersey and
New York. This latest expansion will bring the number of completed solar
installations at Walgreens stores to more than 350, making the company the
leading retailer in number of solar powered stores.

“We are committed to reducing our carbon footprint and leading the retail
industry in use of green technology,” said Thomas Connolly, Walgreens vice
president of facilities development. “Because we operate more than 8,000
stores, we believe our implementation of sustainable energy technology can
have a significant positive impact on the nation’s environment while also
creating jobs.”

The upcoming rollout will produce an estimated 13.5 million kilowatt hours
annually, the equivalent of offsetting the CO2 emissions from the electricity
use of more than 1,400 homes for one year. Included in the rollout is the
Walgreens net-zero energy, LEED Platinum store in Evanston, Ill., which will
feature more than 850 roof-top solar panels.

Walgreens will host the solar arrays, and SoCore Energy will own, operate, and
maintain them. This model has proven to be successful for the two
Illinois-based companies since 2011, when the two collaborated on a 53-store
rollout across the state of Ohio.

“SoCore is proud to be developing one of the most important and sizeable
distributed solar platforms ever constructed in the United States,” said
President and CEO of SoCore Energy Pete Kadens. “We love working with
companies that strive to be leaders, and after we are done here, Walgreens
will have more solar locations than any other company in the US. This is a
remarkable accomplishment for both Walgreens and the team at SoCore.”

“I commend Walgreens and SoCore on this innovative partnership and the strong
commitment shown by these two Chicago companies to renewable energy,” said
Chicago Mayor Rahm Emanuel. “These companies are demonstrating what we in
Chicago know to be true – that environmentally friendly business is good
business and that there are real economic opportunities associated with the
new technologies and advances that are associated with the greening of our

This unprecedented rollout is the latest of many green initiatives for
Walgreens. The company currently operates three stores that have achieved a
LEED certification level of gold, silver and certified; a store in Oak Park,
Ill., using geothermal energy; a distribution center in Waxahachie, Texas,
that generates energy though the use of wind; and 400 locations with electric
vehicle charging stations. Walgreens drugstores use 25 watt fluorescent lamps
(lowest wattage in the industry), LED cooler and freezer lighting and energy
management systems in more than 5,000 locations. In addition, 15 Walgreens
distribution centers have achieved net zero waste, which means revenues from
recycling exceed waste expense.

“Taking care of our environment is another way Walgreens can help people get,
stay and live well in the communities we serve,” said Menno Enters, Walgreens
director of energy and sustainability. “Walgreens will continue to strive for
leadership in sustainability to create a happier, healthier environment for
our customers and the communities we serve.”

Through the U.S. Department of Energy’s Better Buildings Challenge, Walgreens
has committed to a chainwide 20 percent energy reduction by 2020.

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
8,096 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

About SoCore

SoCore Energy (www.SoCoreEnergy.com) is the market leader in solar portfolio
development and commercial rooftop installations. Focused exclusively on the
solar energy needs ofmultisite retailers,REITs and industrial clients,
SoCore combines engineering excellence and financial innovation to reduce the
operational and bottom-line expense of solar energy implementation, cut energy
costs and hedge against utility-rate increases.


Robert Elfinger, 847-315-2962
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