Wells Fargo and Enfinity announce $100m solar fund

Wells Fargo & Company (NYSE: WFC) and Enfinity America Corporation (Enfinity), one of North America’s leading solar energy companies for commercial, municipal, educational and utility-scale customers, has announced a joint program through which Wells Fargo will provide up to $100m 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 US solar market is a reflection of the opportunity Wells Fargo sees in this growing sector,” said 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.”

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