Wells Fargo subscribing to 8 MW Community Solar in Colorado

April 27, 2022
The subscription will provide utility bill credits to about 100 Wells Fargo retail and corporate locations in the state

US Solar has announced banking and financial services firm Wells Fargo's 8 MW Sunscription to five new US Solar Community Solar Gardens in Colorado within the Xcel Energy and Black Hills Energy territories.

The subscription will provide utility bill credits to about 100 Wells Fargo retail and corporate locations in the state.

The program will allow bank employees in Colorado, residing within the Xcel Energy and Black Hills Energy territories to sign up for the Sunscription. For every employee who signs up, US Solar will donate to the Energy Outreach Colorado organization for its missions to provide low to moderate-income Colorado residents access to more sustainable energy options.

“Wells Fargo’s renewable energy strategy is to leverage our annual energy spend to support the development of net-new renewable generation assets in locations where our energy needs are the greatest. In addition to the climate benefits, projects like US Solar’s community solar gardens provide a path for underserved communities to benefit from community solar and take advantage of lower energy bills and increased energy resilience,” said Richard Henderson, head of Wells Fargo’s Corporate Properties Group and Denver resident.

The five solar gardens that Wells Fargo has subscribed to, produce sufficient energy to power nearly 2,000 Colorado homes annually. The Sunscription will help drive renewable energy adoption by residents.

US Solar is developing 14 Solar Gardens in the state. It will also plant pollinator-friendly native vegetation at each Solar Garden that will reduce storm-water runoff, improve air quality and enhance soil regeneration.

About the Author

EnergyTech Staff

Rod Walton is senior editor for EnergyTech.com. He has spent 14 years covering the energy industry as a newspaper and trade journalist.

Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

He can be reached at [email protected]

EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.