in News Departments > FYI
print the content item

In 2012, Wells Fargo & Co. invested more than $6 billion in environmental financing, including for "green" building and renewable energy projects.

According to the company's recently issued 2012 Corporate Social Responsibility Interim Report, Wells Fargo continues to make such investments to support its overall goal of issuing $30 billion in loans and investments by 2020 to promote a "greener economy."

In 2012, the company provided over $500 million to wind and solar projects through construction finance, project equity investments, and direct lease and loan financing. For example, the report notes that Wells Fargo funded a 7.5 MW solar project designed and built by SunPower Corp. for the City of Phoenix, Ariz.




Trachte Inc._id1770
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

WomenofWind_id
JLG_id1900
Acciona_id1907
UEA_id1896
AWEA_id1886
bonfiglioli_id1913