Source: Houston Chronicle


Wells Fargo, the San Francisco-based bank, negotiated a 10-year renewable energy deal with Reliant Energy, the retail electric provider owned by Houston and New Jersey based NRG Energy.

https://www.chron.com/business/energy/article/Wells-Fargo-inks-solar-deal-with-NRG-14550288.php?cmpid=ffcp-oag360

Source: Houston Chronicle/Billy Calzada

The agreement will provide about 62,000 megawatt hours of solar energy each year to approximately 400 Wells Fargo properties from a new utility-scale solar facility in Texas. NRG isn’t saying yet where the solar plant will be located  but expects to break ground next year and begin operations in 2021.

The deal is Wells Fargo’s first significant transaction under the bank’s long-term energy strategy to contract with providers of renewable energy close to the bank’s load centers. Wells Fargo is pursuing similar deals across the nation.

The bank is also  installing solar systems on more than 100 corporate, branch and data facilities. The company currently maintains solar arrays on 16 properties.

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