Industrial, Solar - April 19, 2022
Wells Fargo Adds Solar in Colorado
Wells Fargo began the use of solar in Colorado through five new US Solar Community Solar Gardens in Colorado.
The Solar Gardens, located in Xcel Energy and Black Hills Energy territories, will serve commercial and residential customers, as well as low- to moderate-income service organizations in the greater Colorado area and will generate 8 MW of solar power.
The program also provides the opportunity for Wells Fargo’s Colorado employees residing in the Xcel Energy and Black Hills Energy territories to enter into a Sunscription with US Solar and help drive the adoption of renewable energy on the local power grid, while also receiving bill credits that can lower their energy bills. Wells Fargo’s Sunscription will provide utility bill credits for nearly 100 of its retail and corporate locations across.
A Sunscription to a solar garden from US Solar allows companies and individuals to benefit from solar without any upfront costs or equipment on their property.
“Wells Fargo’s renewable energy strategy is to leverage our annual energy spend to support the development of net-new renewable generation assets in locations where our energy needs are the greatest. In addition to the climate benefits, projects like US Solar’s community solar gardens provide a path for underserved communities to benefit from community solar and take advantage of lower energy bills and increased energy resilience,” said Richard Henderson, head of Wells Fargo’s Corporate Properties Group, in a statement.