Soaking up the sun at work
Wells Fargo’s investment in solar power helps create a low-carbon economy.
“We believe you can protect the planet and grow the economy at the same time. By significantly expanding our on-site solar generation, we are delivering impact at the local level and helping to accelerate a just transition to a low-carbon future.” — Robyn Luhning, chief sustainability officer
The forecast is sunny when it comes to Wells Fargo’s investment in solar power.
The company is keeping climate change top of mind as it continues the installation of solar panels at nearly 100 corporate and retail locations around the country.
The sun-powered technology is being implemented through a combination of rooftop, carport, and ground-mount solar generation systems. Construction started on dozens of projects from California to New Jersey last spring and will continue throughout 2022.
It’s all part of Wells Fargo’s goal of net-zero greenhouse gas emissions by 2050 to help support the transition to a low-carbon economy. While the company has been meeting 100% of its global electricity requirement with renewable energy since 2017 (initially through the purchase of Renewable Energy Certificates), the investment in solar assets signifies a major step in the development of on-site solar energy generation.
On April 14, in West Des Moines, Iowa, the switch was flipped on the Jordan Creek campus solar project, the largest behind-the-meter solar PV project in the state. It took more than nine months to complete the installation of nearly 5,000 solar panels that will provide the site 12% of its energy needs. The solar panels provide an estimated annual 2,862,026 kWh, which is the equivalent to greenhouse gas emissions from more than 3 million miles driven by an average gasoline-powered passenger vehicle. Adding to the overall sustainability impact of the project, 250 new trees and a 6-acre pollinator garden were planted.
“Wells Fargo aims to meet its energy goals in a way that curbs climate change,” said Robyn Luhning, who was recently named the company’s first chief sustainability officer. “We believe you can protect the planet and grow the economy at the same time. By significantly expanding our onsite solar generation, we are delivering impact at the local level and helping to accelerate a just transition to a low-carbon future.”