Comerica builds on environmental services business

Comerica Bank announced the expansion of its Environmental Services Department with the introduction of a new group dedicated to growing and supporting its renewable energy business. Matt Breight, Senior Vice President and ESD Group Manager, has been appointed to lead Renewable Energy Solutions.

Since the department’s origination in 2006, Comerica’s ESD has seen significant achievements in the renewable energy space. In recent years, its historical experience in financing landfill gas and biomass has naturally evolved into financing independent renewable energy generators for other forms of renewables, including those involved in the solar, wind and anaerobic digestion industries.

“Over the past decade, we’ve developed deep industry expertise within ESD supporting companies that produce renewable energy from certain sources like landfill gas. While waste and recycling remain ESD’s steadfast foundation, we feel it makes sense to target the broader renewable sector with our proven relationship banking model, combined with a strong leader in Matt. We will continue to invest in both our waste and recycling business along with our new renewable energy group. Our clients should expect the same best in class, white glove service they’ve received in the past,” says Joe Ursuy, senior vice president, director of environmental services. 

By consolidating related efforts from across the organization under one umbrella, the Renewable Energy Solutions group also allows Comerica to better align credit resources, including underwriting and approval, drive greater organizational consistency and benefit its broader sustainability objectives by driving green loan growth and improving the accuracy of data related to the bank’s renewable efforts.