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U.S. Bancorp Plans to Invest in Solar, Wind ProjectsU.S. Bancorp, the nation´s fifth-largest commercial bank, plans to invest hundreds of millions this year in U.S. renewable energy projects, where the bank sees profit, despite political fallout following the Solyndra scandal. The bank has invested $680 million in solar and wind-power projects since 2008, with roughly half that amount invested in 2011. This year, the bank plans to boost investment in renewable energy by 30% over 2011, or roughly $440 million. The bank continues to see value in solar and wind-power projects, despite the political scandal following the bankruptcy last fall of solar-panel maker and federal-loan recipient Solyndra Inc. 03.02.2012, Solyndra Inc./online.wsj.com News material on the Site is copyright and belongs to the Company or to its third party news provider, and all rights are reserved. Any User who accesses such material may do so only for its own personal use, and the use of such material is at the sole risk of the User. Redistribution or other commercial exploitation of such news material is expressly prohibited. Where such news material is provided by a third party, each User agrees to observe and be bound by the specific terms of use applying to such news material. We do not represent or endorse the accuracy or reliability of any of the info contained in any news or external websites referred to in the news.
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