President Obama Highlights Citi’s Support for Solar Distributed Generation in the U.S.

President Obama Highlights Citi’s Support for Solar Distributed Generation in the U.S.

Citi commits to target $1 billion in financing for solar distributed generation over next three years
Friday, May 9, 2014 - 3:15pm

CONTENT: Press Release

New York, May 9, 2014 /3BL Media/ – Today, President Obama announced more than 300 private and public sector commitments to create jobs and cut carbon pollution by advancing solar deployment and energy efficiency. As part of Citi’s larger $2.25 billion financing goal for energy efficiency and distributed generation announced this week at the Better Buildings Challenge Summit in Washington, D.C., Citi will target $1 billion specifically for solar distributed generation over the next three years.

Last month, Citi announced it had surpassed its 10-year, $50 billion goal to finance renewable energy and clean technology announced in 2007. By the end of 2013, Citi had directed $53.9 billion towards these efforts. Citi is currently developing a new target with the aim of catalyzing additional environmental financing.

For more information, read the White House fact sheet.

For more information on Citi’s environmental initiatives, read our 2013 Global Citizenship Report.



Media contact:
Tyler Daluz, Citi Communications, 212-793-5234

About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

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