Investing in renewable energy
With an increased focus on alternative and renewable energy, there are many attractive investment opportunities for our clients and our firm. We not only actively invest our own funds, but also raise outside capital for renewable energy projects.
J.P. Morgan has invested $3.8 billion and raised $3.9 billion from co-investors for 95 renewable energy projects. Since 2003 we have helped finance 78 wind power projects for 16 clients in 20 states from Maine to Hawaii. These wind farms account for 7,600 megawatts, or roughly 17% of the nation's wind energy capacity, sufficient to power approximately 2 million homes. In addition, J.P. Morgan has invested in 13 solar power projects (including 12 photovoltaic projects and one concentrated solar power facility) as well as four geothermal power projects.
We are continuously looking to improve our own use of resources to increase energy, water and material efficiency; reduce greenhouse gas emissions; and actively advance the public discourse.