A large chunk of Wells Fargo's green investment in 2009 had been taken up by green making with 52 percent of the total and .25 billion in investment.
Second in Wells Fargo's green investment was renewable energy with almost 30 percent or .85 billion. This was followed by green business with 18 percent or .1 billion.
Wells Fargo had deployed over .85 billion of tax-equity capital to over 230 choice energy projects in the US merely merely merely simply because December 2006. These projects had produced a lot a lot a lot much more than three,600 megawatts of electricity.
These projects combined can create a lot a lot a lot much more than 12 billion kilowatt-hours annually, which could power renewable energy for 1.1 million houses across 24 states.
Following this, three business groups had been introduced to cater to numerous clients with environmental interests.
The bank had been in the green finance news headlines when it launched a national cleantech commercial banking group in November last year. The group supplied commercial banking items and services for industries that create and marketplace clean technologies like solar and wind energy, energy and water efficiency, low-emission and electric vehicles, and intelligent grid.
