Gap Inc. to Host 1 Megawatt Solar Power System on West Coast Distribution Campus

[OKIsItJustMe]

http://www.csrwire.com/News/9913.html

10.16.2007 - 11:00am ET

Press release from: Gap Inc.

Gap Inc. to Host 1 Megawatt Solar Power System on West Coast Distribution Campus

Company Teams with MMA Renewable Ventures to Add Clean Power

(CSRwire) SAN FRANCISCO, CA – October 16, 2007 – Gap Inc. (NYSE: GPS) today announced plans to host a one megawatt (MW) solar power system at its West Coast distribution center in Fresno, Calif. Slated for completion next year, the system is expected to generate approximately 1.9 million kilowatt-hours (kWh) annually - equivalent to the electricity required to power approximately 350 homes.

The system will occupy five acres of land adjacent to Gap Inc.'s distribution center campus and will be financed, owned and operated by MMA Renewable Ventures, LLC, a subsidiary of Municipal Mortgage & Equity, LLC (NYSE: MMA). Under the terms of a long term Power Purchase Agreement (PPA), Gap Inc. will buy predictably priced power from MMA Renewable Ventures for the next 20 years, shielding the company from rising energy costs.

"Our decision to host a solar power system at our distribution center is a key part of our commitment to reducing our impact on the environment and finding better ways to do business," said Kindley Walsh Lawlor, senior director of strategic planning and environmental affairs for Gap Inc. "The solar installation represents a significant effort to support the development of additional solar capacity in California."

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[otohara]

1. Good For Gap

I like the Gap, I like the Red campaign and support it when I can afford the items.

[Kutjara]

2. Wouldn't it just be cheaper to make all their slave laborers...

...run on treadmills while sewing clothes, and use the energy generated to power the factory?

The Gap trying to fool people into believing they care. Laughable.

[OKIsItJustMe]

4. They're doing it to save money!

(And gather some good PR.)

[kestrel91316]

3. I used to love GAP until several years ago when they went totally

hip-trendy with their jeans and stopped carrying any with more than a 3" rise. Even when I lost a little weight and got down to where I was in college (very slender) I couldn't find any of those new style jeans to fit. So I don't buy anything at all there anymore.

[diane in sf]

5. I stopped shopping Gap in the mid 90s when they changed all the sizing.

I still had size 8s at home that fit me comfortably and I couldn't squash myself into one of their size 12s after the changeover to anorexic Asian teenager sizing. Then they also were totally into the plaid mini-skirt naughty Catholic schoolgirl fashions--that didn't float my boat either.
Fortunately there are good mfgs outlets around here with nice women's clothing.