April 22, 2020 – Houston – Today, as the world marks another Earth Day, ENGIE North America released its inaugural Sustainability Report. Download it on engie-na.com.

 

Fitting hand-in-glove with the 2020 Earth Day theme of “Climate Action”, the report details action ENGIE North America is taking, together with customers and communities, to achieve a zero-carbon future. The report outlines:

  • Impressive statistics, like:
       – a record-setting year of building nearly 500 MW of renewable capacity with 2GW currently in construction,
       – a 22.4% reduction of our direct CO2 emissions since 2017
       – women account for 38% of the ENGIE North America Executive Committee
  • Explanations of our main Corporate and Cities Power Purchasing Agreements (PPA)s like the ones with Walmart and The City of Philadelphia, and unique client relationships that span decades, such as those with Ohio State University, the University of Iowa and more.
  • Several customer and partner interviews that discuss ENGIE North America’s collaboration and solution-oriented approach to achieve client energy goals.

This report is a powerful illustration of ENGIE North America’s mission in the zero-carbon transition by accelerating the deployment of clean, affordable, innovative and resilient energy solutions.

“The crisis we are going through must not make us forget the other critical global challenge, climate change. Recovery will have to be green, sustainable and inclusive,” said Gwenaelle Avice-Huet, Executive Vice-President of ENGIE and CEO of ENGIE North America. “At ENGIE we are fully mobilized to make zero-carbon transition accessible for our customers. We look forward to continuing our role as a trusted partner for clients and communities as we take action together to fight climate change.”

In addition to the focus on sustainability, the report also outlines actions ENGIE North America is taking in diversity and inclusion, such as the company’s commitment to have women in half of all management positions by 2030; a commitment to responsible purchasing; an outline of education institution relationships; and more.

About ENGIE North America
ENGIE North America Inc. offers a range of capabilities in the United States and Canada to help customers decarbonize, decentralize and digitalize their operations. These include comprehensive services to help customers run their facilities more efficiently and optimize energy and other resource use and expense; clean power generation; energy storage; and retail energy supply that includes renewable, demand response, and on-bill financing options. Nearly 100% of the company’s power generation portfolio is low carbon or renewable. Globally, ENGIE S.A. is the largest independent power producer and energy efficiency services provider in the world, employing 160,000 people in 70 countries. For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, www.engie-na.com and www.engie.com.

April 9, 2020 – Houston, TX – Today ENGIE North America announced it has signed a major tax equity financing for its renewables portfolio. The portfolio consists of 2.0 GW of renewable assets, comprised of 1.5 GW of onshore wind and 0.5 GW of utility-scale solar PV projects (11 farms in total). These assets are located in key markets, including Electric Reliability Council of Texas (ERCOT), Southwest Power Pool (SPP) and Pennsylvania, New Jersey, Maryland Power Pool (PJM).

 

Through the transaction and subject to meeting certain funding conditions, ENGIE North America has secured financing through tax equity commitments of up to 1.6bn USD on the projects through Bank of America and HSBC. Projects will be funded as they are commissioned beginning in April 2020.

As part of this transaction, ENGIE North America received proceeds for two wind farms commissioned in the past week: “East Fork”, a 196 MW wind project in Thomas County, Kansas and “Jumbo Hill”, a 161 MW wind project located in Andrews County, Texas.

The magnitude of the related portfolio (2 GW) and its successful financing testify that the United States is a priority market for ENGIE and lies at the core of ENGIE’s ambition to install globally 9 GW of additional renewables capacities between 2019 and 2021 (of which already 3 GW were installed globally in 2019).

“This is an important step in our zero-carbon energy transition in the United States, and we are excited to have the support of our strong partners, Bank of America and HSBC in this tax equity financing,” explains Gwenaelle Avice-Huet, Executive Vice-President of ENGIE and CEO of ENGIE North America. “The financing enables us to pursue our commitment to sustainable energy and increase our renewables footprint in the US with this 2.0 GW under development and construction for 2020.”

Tax Equity financing is the traditional structure used in the United States to support the development of renewables projects.

About ENGIE North America
ENGIE North America Inc. offers a range of capabilities in the United States and Canada to help customers decarbonize, decentralize and digitalize their operations. These include comprehensive services to help customers run their facilities more efficiently and optimize energy and other resource use and expense; clean power generation; energy storage; and retail energy supply that includes renewable, demand response, and on-bill financing options. Nearly 100% of the company’s power generation portfolio is low carbon or renewable. Globally, ENGIE S.A. is the largest independent power producer and energy efficiency services provider in the world, employing 160,000 people in 70 countries. For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, www.engie-na.com and www.engie.com.

Media Contacts:
ENGIE North America: Sandrine Deparis, sandrine.deparis@engie.com, (202) 855 3705