Wells Fargo 150 GWh renewable deal supports solar development in California and Virginia

Financial firm Wells Fargo has secured approximately 150,000 MWh (150 GWh) of renewable energy per year in new deals announced this week. The agreements with Shell Energy North America and its subsidiary MP2 Energy LLC includes contracts for 7 years. Wells Fargo’s commitment supports the development of new utility-scale solar installations in Riverside County, Calif.; Prince George’s County, VA.; Chesapeake County, VA.; and Appomattox County, VA. “Entering into long-term contracts that support the development of net-new sources of renewable energy that are geographically close to our facilities is a critical piece of Wells Fargo’s renewable energy strategy,” said Richard Henderson, Head of Wells Fargo Corporate Properties. “We appreciate the collaboration with Shell Energy and MP2 in developing these creative transactions to deliver retail renewable energy supply to our California and mid-Atlantic real estate portfolios, and support the communities where we work and live.”