ENGIE Deal Bolsters Big-Ticket Solar, Wind Projects Across U.S.

April 25, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--ENGIE North America, a subsidiary of ENGIE S.A. (Paris, France), took a big step forward this week on a series of recently commissioned renewable projects in the U.S. when it wrapped up more than $1 billion of tax equity financing through separate agreements with JPMorgan Chase & Company (NYSE:JPM) (New York, New York), Goldman Sachs Group Incorporated (NYSE:GS) (New York, New York) and BNP Paribas S.A. (Paris, France). The financing bolsters 950 megawatts (MW) of solar projects and 353 MW of wind projects across areas managed by the Electric Reliability Council of Texas (ERCOT), the Midcontinent Independent System Operator (MISO) and the Southwest Power Pool (SPP).

Industrial Info is tracking about $9 billion worth of active and planned projects across the U.S. and Canada from ENGIE, more than $6.7 billion of which are for solar-generation projects.

Other companies featured: General Electric (NYSE:GE) and Basin Electric Power Cooperative