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Wells Fargo signs renewable-power agreement with Duke Energy, NextEra Energy
Investors - APRIL 8, 2021

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Wells Fargo signs renewable-power agreement with Duke Energy, NextEra Energy

by Released

Wells Fargo has become the latest large energy user to execute a renewable-power agreement under Duke Energy's Green Source Advantage (GSA) program, building on the solar expansion in North Carolina.

Wells Fargo will purchase more than 58 megawatts of solar capacity from the Blackburn Solar project, a planned facility on 600 acres in Catawba County. It will be developed, owned and operated by a subsidiary of NextEra Energy Resources. Subject to local and state approvals, the project is scheduled to come online as early as 2022. The power generated will offset about 50 percent of the bank's energy usage in the state.

"The development of renewable energy projects close to employee and customer centers is one way Wells Fargo is working to meet our net-zero greenhouse gas emissions goal in a way that also contributes to the communities where we live and work,” said Nate Hurst, head of social impact and sustainability at Wells Fargo. “Investing in solar energy developme

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