Investment Banking | Green Finance News: Business Green Loans Will Grow To $ 6 Billion

Second, Wells Fargo 's investment was green renewable energy with almost 30 percent or $ 1850 million. This was followed by green businesses, with 18 percent or $ 1.1 billion.

Wells Fargo has deployed more than $ 1.85 billion of equity capital taxes more than 230 alternative energy projects in the U.S. since December 2006. These projects have produced more than 3,600 megawatts of electricity.

These projects combined can produce more than 12 million kilowatt hours per year, potentially renewable energy to power 1.1 million homes in 24 states.

After this, three business groups had been introduced to serve multiple clients with environmental interests.

The bank had been in the green finance ministers when they launched a national cleantech commercial banking in November last year. The group provided that the commercial banking products and services for industries that produce and commercialize clean technologies like solar and wind energy and water efficiency, low emission and electric vehicles and smart grids.

Among the customers of the group 's solar panel maker Solyndra solar, large scale solar thermal power developer BrightSource Energy and Colorado-based Namaste Solar solar integrator.

Services offered by the investment banking group and clean technology equity capital markets debt cleaning solutions advising high-tech industries on financing and lending, and mergers and acquisitions (M & A) advisory services who give advice on changes in property transactions.

Among the group's accomplishments in 2009 include having a $ 200 million convertible bonds and over $ 230 million common stock offering for Sun Power Corporation.

Clients and green municipal public works projects such as renewable energy plans and adaptation of buildings are also funded by the group. The group also helps municipalities have funding for Recovery and Reinvestment Act, and private ownership of residential and commercial buildings, the group has a funding plan for the implementation of clean energy conversion.

Besides financing green, Wells Fargo is also going green to reduce their environmental footprint. Last year, the bank set a target to reduce emissions of greenhouse gases in the United States by 20 percent in 2018.
To achieve its target green, Wells Fargo has improved its facilities and office equipment energy efficiency. The bank had also invested in renewable energy and has used videoconferencing to reduce business air.

So banks Fargo 's say that the power consumption about 20 percent less water and 40 percent less than traditional buildings. In 2009, 16 bank branches subsidiaries have been registered for Leadership in the system of Energy and Environmental Design (LEED).

Wells Fargo had green financial news when Newsweek magazine ranked the bank as first among banks and insurance companies and U.S. 500 13 Green companies ranking higher in 2009.