Commercial, Solar, Sourcing Renewables - February 2, 2021
Wells Fargo to add solar to nearly 100 properties in seven states
Wells Fargo announced on Feb. 2 that it is installing approximately 30 MW of new, onsite solar generation at its corporate and retail locations in seven states. This effort is part of the firm’s efforts to transition to long-term agreements that support the development of net-new sources of renewable energy in locations where its energy needs are the greatest.
Wells Fargo has been meeting 100% of its global electricity requirements with renewable energy since 2017, initially through the purchase of RECs. In addition to helping Wells Fargo meet its environmental goals, the strategy helps deliver community benefits like job creation, tax revenue, and grid resiliency in locations where its customers and employees live and work.
“Wells Fargo aims to meet its energy goals in a way that curbs climate change,” Nate Hurst, head of social impact and sustainability for Wells Fargo, said in a statement. “We believe you can protect the planet and grow the economy at the same time. By significantly expanding our onsite solar generation, we are delivering impact at the local level and helping to accelerate a just transition to a low-carbon future.”
The nearly 100 solar PV arrays developed by Ameresco are a combination of rooftop and ground-mount systems and range in size from a 6-kW rooftop array on a branch in Connecticut, to a 6.5-MW carport and rooftop system at Wells Fargo’s Chandler Arizona campus. Other larger projects include a 5.5-MW combination rooftop/ground-mount system to serve an administrative property in San Antonio, Texas, and a nearly 2-MW, ground-mount system adjacent to a Wells Fargo campus in Des Moines, Iowa that will include more than six acres of pollinator gardens, adding to the overall sustainability impact of the project locally. Construction on the systems will begin in April and go into 2022.
Ameresco worked in partnership with renewable energy advisory firm, CustomerFirst Renewables, also a vendor of Wells Fargo, to plan and develop the solar energy systems.
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