Wells Fargo Commits Capital For Massive Solar Project In Florida

Wells Fargo declared it would be putting up the total capital in construction debt and the tax-equity financing of $35 million for a new solar generation facility, identified as FL Solar 5 in Orange County, Florida.

Solar Construction Eliminates Massive Amount Of Emissions

There has been news all over the country about massive solar projects such as this, revolutionizing the countries energy grid toward clean, renewable energy.  This solar construction will incorporate half a million solar panels and will also decrease greenhouse gas emissions by more than 57,000 tons per year. That’s the annual equal of eliminating 9,300 automobiles from the streets.

Origis Energy USA, a Miami-based solar energy firm that produces custom clean energy solutions for utility, commercial, and public-sector clients, developed the solar project and is contributing the balance of the project’s capital as well as working as the solar power plant’s engineering, acquisition, and construction provider.

“We are pleased to partner with Wells Fargo on this significant renewable energy project,” stated Samir Verstyn, chief investment administrator of Origis Energy USA. “Our team is focused on delivering superior customer service with sustainable energy solutions such as this one.”

Solar Project Operational In December 

Programmed on the calendar to be completely operational in December 2018, FL Solar 5 will produce and transfer low-cost, renewable electricity to be bought by Reedy Creek Improvement District of Orange County, Florida.

“Wells Fargo is proud to be a part of impactful projects like FL Solar 5 that help our communities accelerate the transition to a lower carbon economy,” stated Alok Garg of Wells Fargo Independent Power & Infrastructure association, a portion of the Wells Fargo Energy Group. “We value our relationship with Origis Energy, a company that is in the forefront of creating a greener energy future.”

For the preceding 13 years, Wells Fargo has been an important grantor to the advancement of clean energy in the U.S., with funding and tax equity investments energizing U.S. wind and solar. The bank has financed or pledged to fund more than $6 billion in wind and solar projects throughout the U.S. Since 2012, Wells Fargo has invested and funded more than $70 billion in renewable energy, clean technology, “greener” buildings, sustainable agriculture and different environmentally sustainable businesses. Also, Wells Fargo lately pledged to provide $200 billion in financing to sustainable companies and projects by 2030, with further than 50% focused on clean technology and renewable energy activities that immediately support the transition to a low-carbon economy.

These type of opportunities are fascinating for the future of the nations potential green energy movement.  Here at HahaSmart, we want to help you become a member of this change.  HahaSmart can help you get the deals on solar you have been looking for.  Have a start with our price checker tool to see how much money you can save over the next decade by making the switch to clean renewable energy for you home!