Community Developments Investments (Fall 2013)
A Look Inside…
|State of the Wind Market|
Wind energy has given the United States a new manufacturing sector, investment in the domestic economy, and a clean, affordable source of electricity that provides long-term price stability for American ratepayers.
|U.S. Department of Energy Programs Support Wind Energy|
The U.S. Department of Energy aids the development and deployment of this clean energy technology, which has doubled its generating capacity in the United States over the past four years.
|Financing Community-Scale Wind Energy Projects|
Wells Fargo, NA, is one bank that is investing in wind energy transactions using the public welfare investment authority.
|How ‘Green’ Investments May Qualify for CRA Consideration|
If a renewable-energy activity has a primary purpose of community development, as defined in the Community Reinvestment Act, the activity could receive positive consideration under the CRA, as long as the bank’s geographic requirements also are met.
|Using the Public Welfare Investment Authority to Make Wind Energy Investments|
National banks and federal savings associations may invest in wind energy generation facilities if the investment meets the requirements of the public welfare investment authority.