JPMorgan Chase is planning to facilitate $200bn in clean energy financing by 2025 and has committed to source all its energy requirements from renewables by 2020.
The bank said it will provide financial advise on transactions and finance for projects, offer risk management solutions and underwrite debt to help facilitate the financing.
JPMorgan Chase, which has offices and operations in more than 60 countries across over 5500 properties, will install solar generation at more than 1400 properties.
It will also support the development of new renewable energy projects through power purchase agreements, such as the one signed with a subsidiary of NRG Energy for electricity from the 100MW Buckthorn wind farm in Texas.
JPMorgan Chase chairman and chief executive Jamie Dimon said: “Business must play a leadership role in creating solutions that protect the environment and grow the economy.
“This global investment leverages the firm’s resources and our people’s expertise to make our operations more energy efficient and provide clients with the resources they need to develop more sustainable products and services.”
Image: Pixabay
JPMorgan Chase sets green goals
Bank aims to facilitate $200bn in clean power financing by 2025
By EBS