Wells Fargo launches $100 million green fund

US financial services company Wells Fargo has entered into a $15 million partnership with the National Fish and Wildlife Foundation (NFWF) as part of an effort to award some $100 million to universities and non-profit organisations by 2020.

The five-year environmental grant programme with NFWF will support efforts in clean energy infrastructure, greener buildings, water and resource conservation and sustainable agriculture.

Wells Fargo’s new grant programme, which includes the NFWF partnership, will focus on finding, fostering and funding innovative that support the commercialisation of new and emerging clean technologies, including renewable energy, green buildings, alternative transport, water technologies, and sustainable agriculture.

“The Environmental Grant program we are announcing is in addition to Wells Fargo’s enhanced $30 billion environmental finance commitment aimed at building stronger communities and accelerating a transition to a 'greener' economy,” says Mary Wenzel, director of Environmental Affairs.

The bank is particularly looking to support underserved communities in the US and efforts that encourage volunteering.

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Related stories:
UK government launches £35 million fund for eco-entrepreneurs (26-Apr)
Global clean energy investment up 6.5% led by the US (12-Apr)
The Co-operative backs community renewables projects with £1 million (5-Mar)

06 June 2012