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Wells Fargo invests billions in tax equity for renewable energy projectsViews: 592
Jul 05, 2011 5:27 amWells Fargo invests billions in tax equity for renewable energy projects#

Craig Johnson
Wells Fargo invests billions in tax equity for renewable energy projects

“Wells Fargo has deployed more than $2.7 billion in project capital, including approximately $2 billion of tax equity, into more than 250 renewable energy projects in the U.S.” reports Insurance News Net.com

Q: What is tax equity?

A: Solar and Wind projects generate more tax incentives than the project or their developers can use. Savvy investors, like Wells, JP Morgan, US Bank, Bank of America, Google, and others purchase deeply discounted tax benefits from developers. Tax equity is an important part of clean energy financing. As you can see from above, when it comes to renewables, Wells has a far greater appetite for acquiring surplus tax benefits than in making loans.

Recently US Bank and Google invested about ˝ a billion US dollars in residential solar tax equity. Their investment signals that pools of residential projects are viable vehicles for smaller tax investors who want to slash their tax bills, save the environment, and make a buck or two.


Larry Farris, Investment Operations
Adam Capital Clean Energy Asset Finance LLC

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