Verde Energy Partners with Wells Fargo to Provide Solar Energy Financing

Business Wire, Feb 13, 2007

Pilot Partnership Provides Commercial and Residential Customers Affordable Solar Financing Nationwide

AUSTIN, Texas -- Verde Energy, the first and only company to provide customers a trusted source for competitive quotes on solar power, solar thermal, wind power and other renewable energy projects, announced today that the company is providing solar power financing options to residential and commercial customers nationwide through a partnership with Wells Fargo.

Verde Energy provides free project consultation from knowledgeable Verde staff and competitive project quotes from prescreened renewable energy professionals throughout the country.

"We extended the choices we provide to our customers by offering financing options for solar power projects nationwide," said Rob Powell, chief executive for Verde Energy. "Many of our customers indicate an interest in financing options for their project, yet have a difficult time finding lenders who are familiar with renewable energy systems. We've partnered with Wells Fargo because they have a real interest in renewable energy and, most importantly, are providing competitive rates for these projects."

"Wells Fargo has a unique approach which allows us, because of flat rate pricing, to deliver loans at very competitive rates," said Clint Pyatt, Wells Fargo sales manager. "We are eager to work with Verde Energy's customers to deliver financing solutions that take advantage of our low-cost approach and the growing market for renewable energy systems."

Nationwide, customers use Verde Energy as a single source to obtain competitive project quotes from trusted renewable energy professionals. A wide range of customers use the service, including commercial businesses, manufacturing facilities, residential and commercial developers, architects, general contractors, and homeowners in virtually every state.

Customers provide their project information using an intuitive, online survey. Verde staff conducts a free project consultation with each customer, and delivers their request to prescreened, experienced renewable energy contractors in the area who provide bids on the project.

About Verde Energy

Verde Energy helps commercial and residential customers obtain competitive project bids and expert installation for solar power, solar thermal, wind power and other renewable energy systems from trusted local professionals nationwide. Visit us at www.verdeenergy.com.

About Wells Fargo

Wells Fargo & Company (NYSE:WFC) is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance for more than 23 million customers through 6,100 stores, the internet and other distribution channels across North America and elsewhere internationally.