Engie snaps up 6-GW solar, storage development portfolio in US
An Engie Solar Project in Texas. Image by Engie North America.
The North American arm of French energy company Engie SA (EPA:ENGI) on Thursday said it has acquired a 6-GW portfolio of solar and battery storage projects from Belltown Power US to beef up its renewables pipeline on the continent.
The portfolio consists of 33 projects in early to late-stage development phases. It includes 2.7 GW of solar, with 0.7 GW of collocated storage, and 2.6 GW of stand-alone battery storage. The projects are located across the ERCOT (Electric Reliability Council of Texas), PJM (Pennsylvania New Jersey Maryland Interconnection LLC), MISO ( Midcontinent Independent System Operator) and WECC (Western Electricity Coordinating Council) markets.
The bundle, located in a range of geographies, “both complements our existing portfolio as well as provides opportunities for expansion into new areas in the US,” said Dave Carroll, chief renewables officer and head of Engie North America. The French company already has 3.9 GW of installed renewable capacity in North America.
Hernan Farace, chief executive of Belltown Power US, said the deal is another milestone in the company’s journey as a greenfield developer and that it looks forward to ribbon-cutting ceremonies at each of the sites.
Belltown Power is a UK developer that expanded into the US in 2017.