$100 Million Solar Fund

By Stephanie Rico
January 25th, 2012

Environmental Forum readers, we wanted to make sure you saw today’s announcement, so we’re reposting it here!

Wells Fargo and Enfinity America Corporation (Enfinity)—one of North America’s leading solar energy companies for commercial, municipal, educational and utility-scale customers—announced a joint program through which Wells Fargo will provide up to $100 million for solar photovoltaic (PV) projects developed by Enfinity.

Financing provided by Wells Fargo will enable Enfinity to cost-effectively provide a clean and reliable source of electricity to its customers and support its growing pipeline of distributed generation and utility-scale projects throughout the United States.

“Our continued commitment to the U.S. solar market is a reflection of the opportunity Wells Fargo sees in this growing sector,” says Barry Neal, head of Wells Fargo’s Environmental Finance Group. “We’re excited to partner with Enfinity and support their efforts to develop projects that will create new jobs in the U.S. and also help businesses better control their electricity costs.”

Enfinity CEO Rafael Dobrzynski adds, “This latest partnership with Wells Fargo will enable us to apply secure, robust financing to the many commercial, industrial and municipal solar energy opportunities in the United States.”

Based in Atlanta, Ga., Enfinity is active throughout North America, with projects ranging from a 33 MW PV solar farm in Ontario, a range of distributed generation projects in California, and its recent acquisition of a 9.8 MW PV installation at a blue-chip manufacturing facility in Ohio.

If you’d like to learn more about our other environmental finance activities, please read our 2010 Environmental Finance Report (PDF*). As always, we welcome your comments and feedback. Please use the comment section to let us know what you think!

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Stephanie Rico

Stephanie Rico

Stephanie focuses on helping Wells Fargo achieve its goal of accelerating a transition to a “greener” economy via finance and support of our customers who are looking to take advantage of the benefits of renewable energy and clean technology. Stephanie has a BA in Social Science, Interdisciplinary Studies from San Francisco State University and an MBA from DePaul University’s Kellstadt Graduate School of Business.

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