Wells Fargo to invest $100mn in solar PV projects

Wells Fargo & Co. investing $100 million in solar photovoltaic PV projects SunEdison US Puerto Rico

Wells Fargo & Co. (NYSE: WFC) and its subsidiaries are investing more than $100 million of tax equity financing to fund solar photovoltaic (PV) projects in the U.S. developed by SunEdison Inc. (NYSE: SUNE). The investments will happen in 2013 and 2014.

Wells Fargo has provided more than $950 million of tax equity and construction financing for more than 200 solar projects developed by SunEdison located in 13 U.S. states and in Puerto Rico.

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