Source: Houston Chronicle
Wells Fargo, the San Francisco-based bank, negotiated a 10-year renewable energy deal with Reliant Energy, the retail electric provider owned by Houston and New Jersey based NRG Energy.
The agreement will provide about 62,000 megawatt hours of solar energy each year to approximately 400 Wells Fargo properties from a new utility-scale solar facility in Texas. NRG isn’t saying yet where the solar plant will be located but expects to break ground next year and begin operations in 2021.
The deal is Wells Fargo’s first significant transaction under the bank’s long-term energy strategy to contract with providers of renewable energy close to the bank’s load centers. Wells Fargo is pursuing similar deals across the nation.
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