Ameresco and Wells Fargo have partnered up to develop about 30 MW of new solar capacity at Wells Fargo retail and administrative locations across seven states in the United States. These onsite solar generation assets will include rooftop, carport and ground mounted systems in Arizona, California, Connecticut, Iowa, New Jersey, North Carolina and Texas. The implementation of these projects is expected to begin in April 2021.
The various projects to be constructed include a 6 kW rooftop solar array on a branch in Connecticut, a 6.5 MW carport and rooftop system at Wells Fargo’s Chandler campus in Arizona, a 5.5 MW combination of rooftop and ground-mounted system at an administrative property in San Antonio, Texas, and a nearly 2 MW ground-mounted system adjacent to a Wells Fargo campus in Des Moines, Iowa.
Since 2017, Wells Fargo has been meeting 100% of its global electricity requirements with renewable energy through the purchase of Renewable Energy Certificates. The recent announcement to set up onsite projects is part of the firm’s efforts to transition to long term agreements for meeting energy requirements in locations with high energy demand.
Founded in 2000, Ameresco, Inc. is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organisations throughout North America and Europe. For this current collaboration, Ameresco worked in partnership with renewable energy advisory firm, CustomerFirst Renewables, to plan and develop these solar power projects. Meanwhile, Wells Fargo & Company is a leading financial services company that has approximately $1.9 trillion in assets and provides a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance.