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Home / Solar Power / Wells Fargo – $200 billion by 2030

Roughly, $17 billion a year through 2030 – not a trivial number. It’s a nice headline – shows the bank sees profits in green (get it?). I wonder what it means structurally – are they hiring specialists? Training lenders to chase deals like this? Opening the fund mandates a bit wider to accept these types of projects and then modeling projected volumes based upon relative parts of the broader economy? That’s 1.7% of the projected $1T needed to green the planet.

SOURCE: More than 50 percent of the financing will be focused on companies and projects that directly support the transition to a low-carbon economy, including clean technologies, renewable energy, green bonds, and alternative transportation. The remainder of the financing will support companies and projects focused on sustainable agriculture, recycling, conservation, and other environmentally beneficial activities.

By John Fitzgerald Weaver

John Fitzgerald Weaver is a solar developer; known digitally as the 'Commercial Solar Guy.' As a project developer and installer, he’s sold and managed 50+ solar projects, valued over $25 million, ranging in size from 5kW to 1500kW. He’s been involved in many aspects of the solar supply chain –- as a company founder, developer, project manager, manufacturer, permit runner, salesman, contractor and financier. In his free time he tries to get away and clear his mind by climbing mountains, or more regularly by enjoying an IPA or scotch, and really loves the strange connection between politics, energy, finance, and environment in the energy world.

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