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Wells Fargo Releases 2009 Environmental Finance Report

Company Provides More Than $6 Billion in Environmental Financing

SAN FRANCISCO--(BUSINESS WIRE)--Building on its 2005 commitment to environmental finance, Wells Fargo announced today that it has extended more than $6 billion in loans and investments to businesses focused on environmentally beneficial activities. In its latest Environmental Finance Report, Wells Fargo details its efforts to support a wide variety of projects, including wind farms and solar installations, green building development, renewable energy equipment manufacturers, smart-grid companies, and other environmentally oriented companies.

Specific 2009 highlights include:
  • Increased environmental loans and investments to over $6 billion
  • Launched three business groups to serve customers with environmentally oriented interests:
    • National Cleantech Commercial Banking Group
    • Clean Technology Investment Banking Group
    • Sustainable Public Infrastructure Group
  • Invested in over 75 commercial-scale solar photovoltaic (PV) projects and 3 utility-scale wind projects
  • Developed new project financing relationships with two solar developers
  • Installed solar PV projects on 10 retail banking stores in Colorado
To access the complete report, please visit:
https://www.wellsfargo.com/downloads/pdf/about/csr/reports/environmental_finance_report.pdf

Wells Fargo ranked #1 among banks and insurance companies - and No. 13 overall - in Newsweek magazine's inaugural "Green Rankings" of the country's 500-largest companies

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