Mar. 18, 2010 (Business Wire) -- Building on its 2005 commitment to environmental finance, Wells Fargo announced today that it has extended more than $6 billion in loans and investments to businesses focused on environmentally beneficial activities. In its latest Environmental Finance Report, Wells Fargo details its efforts to support a wide variety of projects, including wind farms and solar installations, green building development, renewable energy equipment manufacturers, smart-grid companies, and other environmentally oriented companies.
Specific 2009 highlights include:
- Increased environmental loans and investments to over $6 billion
- Launched three business groups to serve customers with environmentally oriented interests:
- National Cleantech Commercial Banking Group
- Clean Technology Investment Banking Group
- Sustainable Public Infrastructure Group
- Invested in over 75 commercial-scale solar photovoltaic (PV) projects and 3 utility-scale wind projects
- Developed new project financing relationships with two solar developers
- Installed solar PV projects on 10 retail banking stores in Colorado
To access the complete report, please visit: https://www.wellsfargo.com/downloads/pdf/about/csr/reports/environmental_finance_report.pdf
Wells Fargo ranked #1 among banks and insurance companies – and No. 13 overall – in Newsweek magazine’s inaugural “Green Rankings” of the country’s 500-largest companies.
