Engie, Hannon Armstrong complete 2.3-GW renewables portfolio in US
Image by Engie North America
Engie North America Inc on Monday said it has brought online the final project in a 2.3-GW US wind and solar portfolio owned together with climate investor Hannon Armstrong Sustainable Infrastructure Capital Inc (NYSE:HASI).
The portfolio's 13 projects are now online after a 50-MW solar farm in Virginia was commissioned and transferred into the portfolio partnership. Its nine onshore wind facilities totalling 1.8 GW and four solar projects with a combined capacity of 500 MW were built between late 2019 and the autumn of 2021, the Houston, Texas-based division of French utility Engie SA (EPA:ENGI) said. Located across five states, the installations are estimated to be generating enough power for more than 500,000 US homes. Each of them has off-take agreements, where they are contributing to the customers’ low-carbon commitments, Engie noted.
The French company developed the portfolio and will operate the assets. It agreed to sell a 49% equity stake in the portfolio to Hannon Armstrong in 2020.
The 2.3 GW of projects are part of Engie North Americas' US renewables generation fleet of over 3 GW. It also has a pipeline of 10 GW.