RSS   Newsletter   Contact   Advertise with us

Engie sells 49% stake in U.S. renewables portfolio

Christian Fernsby ▼ | July 2, 2020
Engie SA has signed an agreement to sell a 49% stake in a 2.3-gigawatt renewables portfolio in the U.S. to Hannon Armstrong Sustainable Infrastructure Capital Inc.
Renewables   Engie
Under the agreement, Hannon Armstrong will take immediate ownership of 49% of 663 megawatts (MW) of commissioned wind projects.

Topics: Engie U.S.

The remaining 1.6 GW of projects, currently under construction, will be transferred into the partnership upon commissioning. In line with its majority ownership, ENGIE will continue to consolidate the projects in its accounts.

The portfolio comprises 13 projects (9 onshore wind projects and 4 solar), located in key markets in the United States, including the Electric Reliability Council of Texas (ERCOT), Midcontinent Independent System Operator (MISO), PJM Interconnection (PJM), the Southwest Power Pool (SPP) and PJM Interconnection (PJM).