Our Virginia Footprint
Our impact in Virginia starts with direct engagement in local communities.
Wells Fargo in 2021 surpassed $10 billion in tax-equity financing of renewable energy projects. Recent projects include the bank’s $350 million tax-equity commitment to AES Clean Energy, one of the top renewables growth platforms in the country that owns and operates more than 2.6 gigawatts of renewable generation across the U.S. The financing is supporting the construction and development of AES’s Spotsylvania Solar Energy Center in Virginia. Once completed, the center will represent the largest U.S. solar project east of the Rocky Mountains. Read More
The City of Richmond in 2020 issued $315 million in municipal bonds, underwritten by Wells Fargo, JPMorgan and Morgan Stanley. The bonds are funding the installation of new natural gas mains including high pressure system upgrades, services, meters, and regulators as well as the maintenance of the treatment plant, pumping station, and distribution system to meet the demands of the city and the counties of Henrico, Chesterfield, and Hanover.