6 GW Solar And Battery Storage Capacity Is Acquired By ENGIE In US

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6 GW Solar And Battery Storage Capacity Is Acquired By ENGIE In US
30 Oct 2022
min read

News Synopsis

The purchase of these 33 early to late-stage projects will accelerate the development of renewable energy throughout several North American states and greatly expand the Group's project pipeline.

Belltown Power U.S. acquired ENGIE a 6 GW portfolio of solar, paired, and standalone battery storage development projects. 33 projects totaling approximately 2.7 GW of solar energy, 0.7 GW of paired storage, and 2.6 GW of standalone battery storage are included in the transaction. The projects are spread out among WECC, PJM, MISO, and ERCOT.

As of June 30th 2022, ENGIE will already hold a dominant position in North America, with 3.9 GW of installed renewable power operating at 100% of capacity. The initiatives significantly expand ENGIE's current renewable energy and energy storage pipeline in the United States.

"This acquisition is a perfect illustration of ENGIE's strategy to accelerate our investments in renewable energy in our key markets. It is an important step towards achieving our goal of 80 GW of installed renewable capacity by 2030. By combining green electricity generation with paired and stand-alone storage, ENGIE will contribute to the flexibility of the grid to improve its reliability and resilience" stated Paulo ALMIRANTE, senior executive vice president of ENGIE and in charge of nuclear, renewable, and energy management activities.

A leading name in low-carbon energy and services is ENGIE. ENGIE is dedicated to accelerating the transition to a carbon-neutral world through reduced energy usage and more environmentally friendly solutions, working with their 170,000 workers, customers, partners, and stakeholders. Building on our core businesses (gas, renewable energy, and services), ENGIE reconciles economic performance with a positive impact on people and the environment in order to provide clients with competitive solutions.

More than ever, ENGIE needs a technique to link its several workers globally and give them insights to comprehend clients. It aimed to provide its staff members with wonderful experiences so they could wow customers in exchange. And it had to accomplish all of this on a global level.

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