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Wells Fargo Enters its Largest Renewable Energy Purchase

The new agreement will provide approximately 62,000 megawatt-hours of solar energy annually to approximately 400 Wells Fargo properties from a new utility-scale solar facility in Texas. The NRG agreement is the first significant transaction under Wells Fargo’s strategy to contract with providers of renewable energy resources geographically close to its load centers. In this case, by greening the mix of energy sources flowing into the ERCOT grid, the Wells Fargo/NRG transaction helps reduce overall carbon emissions and support resiliency efforts in the region. “Agreements using innovative retail products like this one reflect NRG’s commitment to a low-carbon energy future by supporting by both renewable developers in the market and the growing demand for clean energy by customers like Wells Fargo.”. Expanding On-Site Solar. As part of its 2020 renewable energy goal, Wells Fargo also will expand its on-site renewables portfolio by installing solar technologies on more than 100 corporate, branch, and data facilities across the U.S.

First found on: www.pollutiononline.com And then on: 2 other references