Fifth Third Bank is the first publicly traded company worldwide—and first U.S. bank and Fortune 500 company—to sign a contract leading to 100 percent renewable energy through solar power, a fact confirmed by the independent RE100 Global Energy Initiative. The project was powered up in August 2019 and uses solar energy to generate as much power as Fifth Third uses in a year, and enabling it to meet its 100 percent renewable power goal three years ahead of schedule.
The power purchase agreement enabled the construction of an 80-Megawatt solar project in North Carolina. The Aulander Holloman Solar Facility was developed by North Carolina-based SunEnergy1 and generates approximately 202,000 MWh/year of electricity to help avoid 143,000 metric tons of greenhouse gas emissions per year. Read more about the environmental benefits.
Each year we share our progress on becoming a more environmentally sustainable company in our Corporate & Social Responsibility report.