Wells Fargo, Guodian United Power Technology To Explore Wind Opportunities In U.S.

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Wells Fargo & Co. and Guodian United Power Technology Co. Ltd. have signed a strategic cooperation agreement to work together to explore opportunities in the U.S. wind industry.

‘Wells Fargo and our cleantech group are focused on partnering with companies worldwide, including those in Asia and in China, to connect these inventive and experienced firms with the contacts and funding that can help them advance this important wind powered technology in the U.S.,’ says Puon Penn, head of Wells Fargo's cleantech group

To date, Wells Fargo has invested nearly $1.5 billion in wind power projects. Since 2006, the company 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.

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