French utility big Engie has acquired 6GW of photo voltaic and battery storage tasks from Belltown Energy within the US, persevering with to strengthen the group’s undertaking pipeline throughout the nation.
The 33 early to late-stage tasks embrace 2.7GW of photo voltaic, 0.7GW of solar-plus-storage and a couple of.6GW of standalone battery power storage methods (BESS) unfold throughout the nation by ERCOT, PJM, MISO and WECC.
The portfolio will speed up clear power improvement throughout the US and “contribute to the flexibleness of the grid to enhance its reliability and resilience”, Paulo Almirante, senior govt VP in command of renewable, power administration and nuclear actions at Engie mentioned.
Engie already has 3.9GW of put in capability in North America as of June 2022. “This acquisition is an ideal illustration of ENGIE’s technique to speed up our investments in renewable power in our key markets,” Almirante mentioned. “It is a crucial step in the direction of attaining our purpose of 80GW of put in renewable capability by 2030.”
In April this yr, Engie acquired fellow French developer Photosol’s US operations consisting of 17 early-stage photo voltaic and power storage tasks. The acquisition of Belltown significantly bolsters the corporate’s renewables pipeline within the US, pushing it into double figures after the 4GW Photosol deal.
Belltown Energy had sold 14 projects amounting to approximately 2.5GW as of November final yr, as reported in PV Tech sister website Power-Storage.Information. This sale speaks to a major development within the final 12 months for the Texas-based PV and power storage developer, in a interval when the introduction of the Inflation Discount Act (IRA) has seen photo voltaic manufacturing and improvement obtain vital tax credit.