Bank of america energy storage

Will bank of America buy Constellation Energy Certificates?

Bank of America today announced a 15-year, 160-megawatt agreement with Constellation, a clean energy company, to purchase power and project-specific renewable energy certificates (RECs).

Does Bank of America support the environment?

Bank of America has a long-standing commitment to the environment. Whether it is the purchase of RECs or working with clients to provide tax equity financing for renewable energy projects, these efforts demonstrate Bank of America’s commitment to support clean energy solutions in its communities and chart a path forward to net zero.

Did Bank of America close a $205 million tax equity deal?

Please let us know if you have feedback Bank of America closed on a $205 million tax equity financing deal with decarbonization platform Harvestone Low Carbon Partners last week that will allow the bank to purchase clean energy production tax credits from the biofuels startup’s North Dakota carbon capture facility, according to a Sept. 5 release.

How much money did Bank of America invest in Sierra Estrella?

Bank of America invested $202 million in the 250 MW / 1,000 MWh Sierra Estrella Energy Storage facility in Avondale, coupled with a $505 million construction, term loan, and letter of credit facility.

What are Bank of America's environmental goals?

Bank of America has set 2030 environmental operations goals which includes reducing location-based GHG emissions by 75% (Scope 1 and 2) and reducing energy use by 55%. It set its first environmental operations goal in 2005 and has responded to the annual CDP climate change questionnaire since 2003.

Will bank of America finance a new solar project?

Recently Doral Renewables secured tax equity financing from Bank of America for the first phase, Mammoth North. That financing will enable 400-megawatts of new solar power upon completion, the equivalent of powering 64,000 homes in one year. Bank of America has a long-standing commitment to the environment.