Latest Engie’s 230MW Bernard Creek Solar Project in Texas. Image: Engie North America Engie North America– a local subsidiary of French energy utility Engie– has actually closed US$ 1 billion in tax equity funding to support a 1.3 GW portfolio of solar PV and wind possessions throughout the United States. The portfolio includes 6 jobs; 950MW of solar PV and 353MW of wind capability, spread out throughout the Electric Reliability Council of Texas (ERCOT), Midcontinent Independent System Operator (MISO) and Southwest Power Pool (SPP) affiliation markets. All of the tasks have actually been just recently commissioned, Engie stated. This short article needs Premium SubscriptionBasic (FREE) Subscription Unlock unrestricted gain access to for 12 entire months of distinct international analysis Photovoltaics International is now consisted of. Routine insight and analysis of the market’s greatest advancements In-depth interviews with the market’s leading figures Unlimited digital access to the PV Tech Power journal brochure Unlimited digital access to the Photovoltaics International journal brochure Access to more than 1,000 technical documents Discounts on Solar Media’s portfolio of occasions, in-person and virtual Or continue reading this short article free of charge They represent the biggest tax equity plan offer signed by Engie North America to date. The funding is structured in 3 different offers, with United States banks JP Morgan and Goldman Sachs and France-based monetary services business BNP Paribas. Engie has a variety of operations in the ERCOT market, which runs most of Texas’ grid. Last November the business signed 2 virtual power purchase contracts (VPPA) with paper manufacturer WestRock for the Bernard Creek and Chillingham PV jobs, both linked to the ERCOT system. Previously this month Engie tattooed a Tax Credit Transfer Agreement (TCTA) with French energy company Schneider Electric for a Texas solar-plus-storage job portfolio. Information of the tasks in this were not defined however were anticipated to be commissioned this year. The MISO network, on the other hand, covers 15 states in the main United States and has actually seen a boost in solar PV releases of late. Solar designer Adapture Renewables purchased a 450MW portfolio of MISO-connected jobs in late 2023. Previously this month, Adapture purchased another 333MW MISO solar portfolio from Japanese corporation Itochu. In overall, the business declares to have more than 7GW of renewable resource generation capability either in advancement or functional throughout the United States and Canada. PV Tech has actually been running PV ModuleTech Conferences considering that 2017. PV ModuleTech USA, on 21-22 May 2024, will be our 3rd PV ModulelTech conference devoted to the U.S. energy scale solar sector. The occasion will collect the crucial stakeholders from solar designers, solar possession owners and financiers, PV production, policy-making and all interested downstream channels and third-party entities. The objective is easy: to draw up the PV module supply channels to the U.S. out to 2025 and beyond. PV Tech has actually been running a yearly PV CellTech Conference because 2016. PV CellTech USA, on 8-9 October 2024 is our 2nd PV CellTech conference devoted to the U.S. production sector. The occasion in 2023 was a sell out success and 2024 will when again collect the crucial stakeholders from PV production, equipment/materials, policy-making and method, capital devices financial investment and all interested downstream channels and third-party entities. The objective is easy: to draw up PV production in the U.S. out to 2030 and beyond. Read Next Subscribe to Newsletter Most Read Features, Editors’ Blog, Long Reads Upcoming Events 9am EDT/ 1pm GMT/ 2pm CET
Engie bags US$ 1 billion for 1GW United States solar PV portfolio
