Tuesday, October 05, 2010

Wells Fargo Increases Support for Renewable Energy

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) announced today the expansion of a special promotion designed to make it easier and more affordable for homeowners to go solar. This effort is the latest part of Wells Fargo’s commitment to environmental leadership, including its initiatives aimed at helping customers and the nation take advantage of clean, renewable energy.

“Through everyday actions and being aware of the ways our decisions affect the environment, we can all contribute to environmental protection and regeneration,” said Mary Wenzel, director of Wells Fargo Environmental Affairs. “As a community-based financial institution, one of the ways we can help is by offering financial solutions that help our customers save not only time and money, but also protect our environment.”
Starting today and through the end of the year, qualified Southern California customers who advance funds from a home equity loan or line of credit in the amount of $15,000 or more to finance a solar energy system for their home will receive up to $1,000 in incentives. Three solar companies are participating in the incentive – Acro Energy, REC Solar and Verengo Solar. Complete details of the California promotion are available at all Southern California Wells Fargo stores and at blog.wellsfargo.com/environment. Working with Colorado solar installers, the company is also presenting its Colorado customers with the $1,000 incentive through the end of the year.
The solar promotion builds on Wells Fargo’s efforts to support renewable energy. Those include:
  • Provision of more than $2 billion in tax-equity financing to support renewable energy projects across the country, with a production capacity of over 4,100 megawatts (MW)
  • Installation of solar photovoltaic systems at 10 Wells Fargo stores in Denver, CO. A portion of each store’s electricity needs are met by the system, resulting in a net savings of electric utility expenses and generating more than 220 kW of clean, renewable power
  • Establishment of four national groups dedicated to developing opportunities and supporting businesses and municipalities in the growing clean technology sector – the Environmental Finance Group, National Cleantech Commercial Banking Group, Clean Technology Investment Banking Group and the Sustainable Public Infrastructure Group.
For more information about Wells Fargo’s other environmental initiatives, visit wellsfargo.com/environment.

1 comment:

  1. I am really grateful to have the information from this blog.I liked the blog as it has been written,the information i got from here.
    This is a good information i got from here.I really liked it and this information is worth remembering.