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Released April 25, 2024 | SUGAR LAND
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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.
Click on the image at right for a graph detailing ENGIE's active and planned solar-generation projects, by U.S. state.
ENGIE did not specify which individual projects would be fueled by the deal, but Industrial Info is tracking renewable-energy projects from the company in the ERCOT, MISO and SPP areas. The ERCOT region accounts for the bulk of the spending, with two big-ticket solar projects under construction: the $640 million Chillingham Solar Plant in Harker Heights, Texas, and the $275 million Sypert Solar Farm in Rogers, Texas, which are estimated to generate 359.4 and 260 MW, respectively. The Chillingham project will include a 153.8-MW battery energy-storage system (BESS) unit.
Last year, ENGIE acquired Broad Reach Power (Houston, Texas), a company specialized in battery-storage projects. ENGIE executives called the deal a "standout event" that would provide the company with a new growth platform and an early mover advantage in the ERCOT and California Independent System Operator (CAISO) areas. Broad Reach owns 21 gigawatts (GW) of utility-scale solar, wind and battery-storage projects within the two states and Montana, Wyoming and Utah. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project and Plant databases can read detailed reports on the Chillingham and Sypert projects, and detailed profiles of the Chillingham and Sypert plants.
In the MISO region, ENGIE started site preparation last year at its $300 million Twin Lakes Solar Plant in Valparaiso, Indiana, which sits near the southern tip of Lake Michigan. The facility is designed to generate 150 MW from 375,000 photovoltaic (PV) panels, which is expected following completion toward the end of this year. Subscribers can learn more from Industrial Info's project report and plant profile.
In the SPP region, ENGIE received approval last year from the South Dakota Public Utilities Commission for its proposed North Bend Windfarm near Harrold, South Dakota, which is designed to generate 200 MW from 71 turbines provided by General Electric (NYSE:GE) (Boston, Massachusetts). The project remains in its permitting phase, but is expected to be commissioned by 2025. ENGIE signed a 25-year power purchase agreement (PPA) with consumer-owned Basin Electric Power Cooperative (Bismarck, North Dakota), which will procure output from the North Bend Windfarm for its members. Subscribers can learn more from Industrial Info's project report and plant profile.
ENGIE says it has more than 7 gigawatts (GW) of renewable projects either operational or under construction across the U.S. and Canada, and that it aims to add 4 GW per year globally through 2025. ENGIE also is a member to the Solar Energy Industries Association (SEIA), which earlier this week sent a letter to leaders in the U.S. Congress calling for legislation to improve permitting, project siting, transmission and access to public lands for solar and BESS projects.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and planned North American projects from ENGIE.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing ENGIE's active and planned solar-generation projects, by U.S. state.ENGIE did not specify which individual projects would be fueled by the deal, but Industrial Info is tracking renewable-energy projects from the company in the ERCOT, MISO and SPP areas. The ERCOT region accounts for the bulk of the spending, with two big-ticket solar projects under construction: the $640 million Chillingham Solar Plant in Harker Heights, Texas, and the $275 million Sypert Solar Farm in Rogers, Texas, which are estimated to generate 359.4 and 260 MW, respectively. The Chillingham project will include a 153.8-MW battery energy-storage system (BESS) unit.
Last year, ENGIE acquired Broad Reach Power (Houston, Texas), a company specialized in battery-storage projects. ENGIE executives called the deal a "standout event" that would provide the company with a new growth platform and an early mover advantage in the ERCOT and California Independent System Operator (CAISO) areas. Broad Reach owns 21 gigawatts (GW) of utility-scale solar, wind and battery-storage projects within the two states and Montana, Wyoming and Utah. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project and Plant databases can read detailed reports on the Chillingham and Sypert projects, and detailed profiles of the Chillingham and Sypert plants.
In the MISO region, ENGIE started site preparation last year at its $300 million Twin Lakes Solar Plant in Valparaiso, Indiana, which sits near the southern tip of Lake Michigan. The facility is designed to generate 150 MW from 375,000 photovoltaic (PV) panels, which is expected following completion toward the end of this year. Subscribers can learn more from Industrial Info's project report and plant profile.
In the SPP region, ENGIE received approval last year from the South Dakota Public Utilities Commission for its proposed North Bend Windfarm near Harrold, South Dakota, which is designed to generate 200 MW from 71 turbines provided by General Electric (NYSE:GE) (Boston, Massachusetts). The project remains in its permitting phase, but is expected to be commissioned by 2025. ENGIE signed a 25-year power purchase agreement (PPA) with consumer-owned Basin Electric Power Cooperative (Bismarck, North Dakota), which will procure output from the North Bend Windfarm for its members. Subscribers can learn more from Industrial Info's project report and plant profile.
ENGIE says it has more than 7 gigawatts (GW) of renewable projects either operational or under construction across the U.S. and Canada, and that it aims to add 4 GW per year globally through 2025. ENGIE also is a member to the Solar Energy Industries Association (SEIA), which earlier this week sent a letter to leaders in the U.S. Congress calling for legislation to improve permitting, project siting, transmission and access to public lands for solar and BESS projects.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and planned North American projects from ENGIE.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
