Monday 20 July 2020

Bank of America accelerates its carbon-neutral goals with ten new solar agreements

Bank of America has announced new partnerships to provide solar energy to power its operations in three states.

The bank has signed ten solar agreements totalling 200MW with energy companies, including Duke Energy, to purchase solar electricity for its branches in North and South Carolina and Texas.

These partnerships will provide more than 340,000MWh of clean energy annually and cover 100% of the electricity needs of the bank's facilities in these states.

Many of these projects will also feature pollinator habitats with vegetation and plantings to support local biodiversity and agriculture.

Andrew Plepler, Global Head of Environmental, Social and Governance at Bank of America, said: "By driving more clean energy solutions in our facilities, we are developing a broader sustainable energy ecosystem to help transform our operations and the communities where our employees work and live."

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