Wells Fargo Commits Five Million Dollars To Tribal Communities

Wells Fargo proclaimed today a generous commitment of $5 million over three years to finance solar projects in tribal communities over the U.S.

The contribution to nonprofit GRID Alternatives, a national leader in making solar technology and training available to underserved communities, supports the establishment of GRID’s new Tribal Solar Accelerator Fund. The fund is an extension of GRID’s National Tribal Program and intends to catalyze the growth of solar energy and expand solar job possibilities on tribal lands.

“Our strong relationships in Indian Country and with our Native American customers are a point of great pride at our company,” stated Mary Wenzel, head of Sustainability and Corporate Responsibility at Wells Fargo. “We are pleased to have such an effective working relationship with GRID Alternatives and to provide the seed funding for its Tribal Solar Accelerator Fund. We sincerely believe that providing no-cost solar and job-training opportunities in tribal communities will address critical needs and accelerate the transition to a low-carbon economy.”

Assistance For The Tribal Solar Accelerator Fund

Assistance for the Tribal Solar Accelerator Fund is a significant element of Wells Fargo’s $50 million philanthropic commitment to help address the unique economic, social, and environmental demands of American Indian/Alaska Native communities that were proclaimed last year. Wells Fargo has been a significant sponsor of GRID’s state, and national-level programming since 2012.

GRID Alternatives’ national Tribal Program has operated since 2010 to help tribes achieve their renewable energy goals with solar while training tribal members to enter the solar workforce. GRID has installed approximately 3 MW of solar capacity in partnership with more than 40 tribes to date. The new fund will increase GRID’s work and provide much-needed capital to support the development of new projects approximately the U.S.

Leader Of Financing Solar

Wells Fargo is a master in renewable energy development. In 2017, projects owned wholly or in part by Wells Fargo produced 7.9 percent of all renewable energy generated in the U.S.

“Many tribes are looking to renewable energy to address both environmental and economic challenges in their communities,” stated Adam Bad Wound, Vice President of Development for GRID Alternatives. “Access to funding is often the biggest barrier to achieving their goals, and we’re excited to be able to partner with even more tribes to move their solar PV projects forward.”

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