HOUSTON and ANNAPOLIS, Md., Dec.
20, 2021 /PRNewswire/ -- ENGIE North America Inc.
("ENGIE"), a leader in developing and managing renewable energy
projects, and Hannon Armstrong Sustainable Infrastructure Capital,
Inc. ("Hannon Armstrong") (NYSE:
HASI), a leading investor in climate solutions, today announced
operational completion of their 2.3-gigawatt (GW) portfolio of wind
and utility-scale solar projects.
The final renewable project, a 50 MW solar farm in Virginia, was commissioned and transferred
into the portfolio partnership previously announced by ENGIE
and Hannon Armstrong. In all, there are 13 renewable projects
online – including 1.8 GW of onshore wind and 0.5 GW of
utility-scale solar photovoltaic (PV) projects. They are estimated
to be producing enough renewable energy on the grid to provide
power to the equivalent of over 500,000 homes in the U.S.
The nine wind and four solar projects, which were constructed
from late 2019 through the fall of 2021, supported more than 3,500
mostly local jobs during the construction phase. ENGIE not only
developed the complex portfolio of projects, but they will also be
the operator – meaning long-term relationships with local
communities over the coming decades. The projects will provide
long-term property tax revenues in 15 counties across five states
supporting services and growth in these largely rural American
communities.
"We are delighted to commission our final project in this
complex portfolio. That was an ambitious project and the team
delivered– both in ENGIE and Hannon Armstrong," said Dave Carroll, Chief Renewables Officer, ENGIE
North America. "The energy transition requires innovative,
large-scale actions like this to accelerate our pace to meet the
climate challenges. Our successful delivery of this world-class
portfolio of renewable projects demonstrates what can be done when
you have the right team and the right partners."
ENGIE is not only focused on increasing its renewable platform
in the U.S., but also on reducing the carbon intensity of other
industries such as universities, cities and the transportation
sector. As such, each of the 13 projects has off-take agreements
with customers, where the renewable energy generated is supporting
delivery of commitments to a lower carbon future.
The innovative portfolio equity partnership with Hannon Armstrong reflects the importance of
developing large-scale financial relationships to support renewable
growth.
"Achieving the final commissioning of this landmark
multi-gigawatt renewable portfolio was only made possible through
the incredible collaboration and best-in-class execution of our
valued partners at ENGIE," said Hannon
Armstrong Chief Client Officer Susan
Nickey. "We share a common mission to accelerate the rapid
adoption of climate solutions, and we believe this portfolio of
projects is a model example of what can and must be done at scale
to meet our country's ambitious decarbonization goals with clean
and reliable energy."
ENGIE's scale and Hannon
Armstrong's leadership have demonstrated what can be
achieved. This 2.3 GW portfolio is part of ENGIE North Americas'
more than 3 GW of renewable generation in the U.S. today with a
pipeline of 10 GW of growth projects.
About ENGIE North America
Based in Houston, Texas, ENGIE North America Inc. is a
regional hub of ENGIE, a global leader in low-carbon energy and
services. ENGIE (ENGI), is listed on
the Paris and Brussels Stock
Exchanges. Together with our 170,000 employees around the globe,
our customers, partners and stakeholders, we are committed to
accelerate the transition toward a carbon-neutral world, through
reduced energy consumption and more environmentally-friendly
solutions. Inspired by our purpose ("raison d'être"), we reconcile
economic performance with a positive impact on people and the
planet, building on our key businesses (gas, renewable energy,
services) to offer competitive solutions to our customers. In
North America, ENGIE helps our clients achieve their energy
efficiency, reliability, and ultimately, their sustainability
goals, as we work together to shape a sustainable future. We
accomplish this through: energy efficiency projects, providing
energy supply (including renewables and natural gas), and the
development, construction and operation of renewable energy assets
(wind, solar, storage and more). For more information on
ENGIE North America, please visit our LinkedIn page or Twitter
feed, https://www.engie-na.com/ and https://www.engie.com.
About Hannon Armstrong
Hannon Armstrong (NYSE: HASI) is the
first U.S. public company solely dedicated to investments in
climate solutions, providing capital to leading companies in energy
efficiency, renewable energy, and other sustainable infrastructure
markets. With more than $8 billion in
managed assets, Hannon Armstrong's
core purpose is to make climate-positive investments with superior
risk-adjusted returns. For more information, please
visit www.hannonarmstrong.com. Follow Hannon Armstrong on LinkedIn and
Twitter @HannonArmstrong.
Media Contacts:
ENGIE North America: Michael Clingan,
michael.clingan@external.engie.com, (832) 745-6057
Hannon Armstrong: Gil Jenkins, media@hannonarmstrong.com, (443)
321-5753
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SOURCE ENGIE North America