Financial institution Wells Fargo has selected energy services firm Ameresco to accelerate its energy transition plan.
Wells Fargo will install solar PV systems at its 100 facilities in seven US states including Arizona, California, Connecticut, Iowa, New Jersey, North Carolina and Texas. The solar PV plants will generate 30MW of electricity.
Construction of the systems will begin in April and continue into 2022.
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Ameresco is working with renewable energy advisory firm CustomerFirst Renewables to plan and develop the solar energy systems.
The projects are part of efforts by Wells Fargo 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.
Since 2017, the financial institution has been meeting 100% of its global electricity requirements with renewable energy through the purchase of Renewable Energy Certificates (RECs).
Nate Hurst, head of social impact and sustainability for Wells Fargo, said: “Wells Fargo aims to meet its energy goals in a way that curbs climate change.
“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 accelerating a just transition to a low-carbon future.”
