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ENGIE Commissions Final Project in 2.3 GW U.S. Renewables Portfolio Jointly Owned with Hannon Armstrong

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Thirteen Combined Wind and Solar Projects Deliver Abundant Clean Energy and Quality Jobs Across Five States

HOUSTON, TX and ANNAPOLIS, MD – 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.

 

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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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ENGIE Powers Houston Headquarters with Texas Wind

Renewable Energy Makes Operational Net Zero Carbon Target A Reality

 

HOUSTON, Texas – ENGIE North America announced today that its Houston headquarters is under contract for renewable energy from one of its own Texas wind projects. Beginning in May 2021 and running through 2028, the 25-story tower at 1360 Post Oak Blvd. within the Four Oaks Place portfolio will offset 100% of its electricity consumption with the purchase of energy and Renewable Energy Credits from ENGIE North America’s Live Oak wind project in Texas. 

Four Oaks Place is a five-building, 2.3 million square-foot portfolio located in Uptown Houston. ENGIE North America occupies six floors at 1360 Post Oak Blvd. The portfolio is managed by Transwestern Real Estate Services (TRS) and is a joint venture of Nuveen Real Estate and Allianz. 

ENGIE North America recently entered a retail energy supply agreement for approximately 5,747 MWh annually from the Live Oak wind project. The renewable energy in this agreement represents the environmental benefits of reducing CO2 emissions by more than 32,000 metric tons over the span of the contract. 

Through accelerated growth of its renewable’s footprint, ENGIE North America has more than 3 GW of renewable energy capacity. That is enough clean energy to power all the households in Dallas and Houston combined, with more than 10 GW of additional renewable energy projects currently underway in North America.  

“ENGIE is a leader in the transition toward a carbon neutral world and our role is to show that focusing on the planet and people creates long-term value,” said ENGIE North America Interim Chief Executive Officer Bill Collins. “We partner with customers to help them integrate energy solutions that are cleaner, more efficient, and reliable. It makes sense for us to power our own headquarters with renewable energy coming from our own projects right here from Texas.” 

Nuveen Real Estate, one of the largest real estate investment managers globally, has publicly committed to making the global property portfolio it manages, worth $133 billion, operationally net zero carbon by 2040. The ambitious target exceeds the commitment that the World Green Business Council states is necessary to meet the Paris Accord, by a decade.  

“We work with a broad range of institutional clients and blue-chip occupiers and share their sustainability aspirations,” said Abigail Dean, Global Head of Strategic Insights at Nuveen Real Estate. “Our pathway provides a route-map to net zero carbon through real estate, touching upon numerous other industries at the same time, and aiming to achieve carbon savings of up to 50-80% for a traditional real estate asset.” 

Acting as an advisor on the agreement is Amerex Energy Services, the retail consulting division of Amerex Brokers LLC, which is a wholly owned subsidiary of BGC Partners, Inc. 

ENGIE North America is the developer, owner, and operator of the Live Oak wind project. Live Oak (which is owned in partnership with an affiliate of John Laing Group plc) is a 200 MW project that is located near San Angelo, Texas. ENGIE North America added nearly 2GW of renewable energy in the US in 2020, a major contribution to ENGIE’s global goal of 9GW from 2019-2021. Globally, ENGIE commissioned 3GW of new renewable capacity in 2020, bringing total renewable capacity portfolio to 31GW. 

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About Nuveen 

Nuveen Real Estate is one of the largest real estate investment managers in the world with $132 billion1 of assets under management.  Managing a suite of real estate funds and mandates, across both public and private investments, and spanning both debt and equity across diverse geographies and investment styles, we provide access to every aspect of real estate investing.  With over 85 years of real estate investing experience and more than 600+2 employees located across over 25 cities throughout the United States, Europe and Asia Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise. 

 

 

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 a global reference in low-carbon energy and services, that relies on their key businesses (gas, renewable energy, services) to offer competitive solutions to customers. With 170,000 employees, customers, partners and stakeholders, the group is committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. 

 

Media Contact: 

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

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ENGIE North America adds nearly 2 GW of Renewable Energy in the U.S. in 2020

The additional clean energy offsets 2.1 Million Metric Tons of Carbon

 

Houston, TX. – ENGIE North America today announced it has added nearly 2 GW of renewable energy to the U.S. in 2020, as part of ENGIE’s commitment to deliver 9 GW of renewable energy capacity globally between 2019 and 2021. These new clean energy capacities will offset nearly 2.1 million metric tons of carbon and bring ENGIE’s renewables capacity to more than 3 GW in North America – enough to power 1.3 million homes. 

The six grid-scale wind projects and two grid-scale solar projects contributed to the company’s record pace of renewable energy development and construction. These projects are located in Texas, Kansas, South Dakota and Oklahoma. With the completion of these projects, adding 1.4 GW of wind and 0.4 GW of solar, and other projects in the U.S. and Canada, ENGIE now has more than 3 GW of renewable generation capacity in North America developed over the past two years.

“This was a historic year of construction for ENGIE North America,” said Gwenaëlle Avice-Huet, Executive Vice President responsible for the ENGIE Renewables’ business line and CEO of ENGIE North America. “The rapid growth of our renewable energy footprint in the United States demonstrates ENGIE’s commitment to achieving a carbon-neutral future. With more than 10 GW of additional renewable energy projects currently under way in North America, we are just getting started in delivering on our mission to connect society and companies to clean, affordable, innovative, and resilient energy generation and the infrastructure to support it.”

Globally in 2020, ENGIE commissioned 3 GW of new renewable capacity, bringing its total portfolio to 31 GW of gross renewable energy capacity – consisting of hydroelectric (~57%) as well as wind and solar (~43%). Renewables account for 30% of ENGIE’s gross power generation capacity worldwide (101 GW).
 

The projects developed and built by ENGIE North America in 2020 in the U.S. include:   

Wind Projects:

  • East Fork, 196 MW, Thomas County, Kansas 
  • Las Lomas, 202 MW, Starr and Zapata Counties, Texas
  • Jumbo Hill, 161 MW, Andrews County, Texas
  • Triple H, 250 MW, Hyde County, South Dakota
  • King Plains, 248 MW, Garfield & Noble Counties, Oklahoma 
  • Prairie Hill, 300 MW, Limestone and McLennan Counties, Texas    
     

Solar Projects:

  • Anson, 200 MW, Jones County, Texas
  • Long Draw, 225 MW, Borden County, Texas
     

These projects contributed more than 3,000 construction jobs across 8 counties and 100 well-paying jobs in rural communities throughout the heartland in the United States.  

The renewable energy resources of these projects have been contracted with several iconic companies in the retail, food and beverage, technology, and educational sectors.  
 

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. relies on their key businesses (gas, renewable energy, services) to offer competitive solutions to customers. With 170,000 employees, customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress. For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, www.engie-na.com and www.engie.com.

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Biggest Renewables Project of 2020 Completes Construction

After more than 400,000 hours of work, construction is now complete on the Prairie Hill wind farm, ENGIE North America’s largest renewables project of 2020. The 100-turbine wind farm generates enough energy at peak production to power the equivalent of 60,000 homes, and adds 300 MW of power towards our goal of adding 2 GW in the U.S.

 

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ENGIE North America partners with Hannon Armstrong to secure $172 million of investment for distributed solar-plus-storage portfolio

HOUSTON, Texas and ANNAPOLIS, Md. – ENGIE North America and Hannon Armstrong (NYSE:HASI), a leading investor in climate change solutions, announce a new partnership to jointly invest in a Distributed Generation (DG) portfolio of solar and solar-plus-storage assets located across the United States.

 

The portfolio is comprised of a diversified set of community solar and commercial & industrial (C&I) ground-mounted, carport and rooftop solar and solar-plus-storage projects (around 70 MW in total) located across the U.S., including Massachusetts, Illinois, Vermont, California, Texas, and Arizona.  

“ENGIE is pleased to partner with Hannon Armstrong on this portfolio, which further demonstrates ENGIE’s leadership and strong commitment to climate action goals towards its clients. This new partnership reinforces the ambitions of our organizations,” said Gwenaëlle Avice-Huet, Executive Vice President, in charge of the Renewable and Hydrogen Business Units France, responsible for the Global Renewable Business Line and CEO of the North America Business Unit. “This program signals further forward momentum as we work alongside our customers towards a carbon neutral future.” 

“We are delighted to expand our programmatic relationship with ENGIE with this latest agreement,” said Hannon Armstrong Chairman and CEO Jeffrey W. Eckel. “This partnership highlights one of the key strengths of our historic core value proposition to clients of executing on scalable investment solutions for smaller, distributed clean energy projects that are essential to a climate-positive future.” 

The agreement will allow ENGIE to rely on committed capital by Hannon Armstrong through December 31, 2021 to finance DG assets across the U.S. ENGIE will retain partial ownership and provide development, construction, operational, asset management, and administrative services. Hannon Armstrong will provide capital to ENGIE through a unique structure that will bring efficiency to a forward flow of projects, leveraging tax equity financing through an upper-tier arrangement with Morgan Stanley (NYSE:MS). Hannon Armstrong’s collaboration with Morgan Stanley on this portfolio represents an expansion of the firms’ relationship in recognition of Morgan Stanley becoming the first U.S. bank to commit to disclosing portfolio greenhouse gas emissions and backing the push toward unified measurement of financed emissions via the Partnership for Carbon Accounting Financials (PCAF). 

Distributed generation represents an important piece of ENGIE’s U.S. solar-plus-storage market strategy as it represents a sizable share of the overall non-residential solar-plus-storage market. Distributed clean energy generation, including the community solar projects included in the portfolio, foster access to renewable energy and is a key component of the clean energy targets and ambitions of cities, communities, corporate and utility customers. ENGIE currently owns and operates approximately 300 MW of DG solar assets. 

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. relies on their key businesses (gas, renewable energy, services) to offer competitive solutions to customers. With 170,000 employees, customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress. For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, www.engie-na.com and www.engie.com.

About Hannon Armstrong  

Hannon Armstrong (NYSE: HASI) is the first U.S. public company solely dedicated to investments in climate change solutions, providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $6 billion in managed assets as of September 30, 2020, 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. 

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Laura Beane, Chief Renewables Officer, spoke at Reuters Energy Transition North America

Laura joined two other influential women leaders in clean energy for a fireside chat to explore the future of renewables, the importance of diversity, equity and inclusion, and the potential impact of the U.S. election on energy and climate policy. Laura is member of the executive speaker faculty of Reuters Events.

 

Watch the virtual fireside chat

 

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ENGIE Award of Guam Power Authority Phase III Renewable Energy Projects Upheld by Guam’s Public Auditor

September 28, 2020 – Hagåtña, Guam – In a win for Guam’s clean energy goals, the Office of Public Accountability (OPA) upheld the power utility’s award of its Phase III Renewable Energy Project to ENGIE. The October 2019 award withstood three separate challenges by a single losing bidder, GlidePath Marianas Operations, Inc., a Chicago-based company that acquired the Dandan solar plant.

 

Luis F. Birolini, Head of Distributed Renewables for ENGIE North America said, “In its decision, the Public Auditor confirmed that ENGIE’s bid met the requirements set forth in Guam Power Authority’s Invitation for Bid (IFB) and was the lowest responsive bid for both sites. The Public Auditor held, ‘GlidePath’s failure to understand the requirements of the IFB did not affect the ability of any other bidder to correctly understand the requirements of the IFB and submit competing bids that conformed to the IFB’s requirements.’”

ENGIE, an international energy group and global leader in low-carbon energy and services, won the bid for the Phase III projects on the two sites, Naval Base Guam and South Finegayan in October 2019. These systems will deliver around 85GWh of clean dispatchable energy annually and will be tied directly to the utility grid for the people of Guam. As the low bidder, ENGIE’s system also ensures the highest savings to GPA and the Guam ratepayers.

The procurement is the third phase in a series of renewable energy projects by GPA and will include PV (solar) plus battery storage technology that will help power the grid at night. ENGIE’s design and engineering process for the Phase III project involved technical teams from the U.S., France, India, and Italy, with these design and construction leads meeting multiple times on Guam with the local engineering and construction community in order to submit a proposal utilizing the local workforce here on Guam.

After the initial award to ENGIE, GlidePath filed three appeals, all of which were rejected by GPA. GlidePath subsequently appealed to the Office of the Public Accountability. The GlidePath appeals have delayed the Phase III project by 10 months.

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. relies on their key businesses (gas, renewable energy, services) to offer competitive solutions to customers. With 170,000 employees, customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress.

For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, www.engie-na.com and www.engie.com.

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ENGIE Greens Power Consumption of Smart Energy Decisions’ Renewable Energy Sourcing Forum from Solomon Forks Wind Project

September 13, 2020 – Houston, TX – ENGIE North America will help the upcoming Smart Energy Decisions’ Renewable Energy Sourcing Forum walk its own talk by offsetting the event’s entire three days’ worth of energy consumption from nonrenewable sources with Green-e® eligible renewable energy certificates (RECs). ENGIE will supply and donate the RECs from ENGIE’s new 276 MW Solomon Forks Wind Project for this September 16-18 event in Ponte Vedra, Florida.

 

The announcement marks the fourth Smart Energy Decisions conference ENGIE North America has supported with RECs, further illustrating the energy leader’s commitment to promoting sustainable strategies. The RECs supplied for this event represent the environmental attributes or benefits associated with a specific quantity of renewable energy generated by the Solomon Forks Wind Project.

Ken Cowan, Vice President of Solutions Sales and Marketing at ENGIE North America, said, “We are helping our customers drive toward a zero-carbon energy future. Supplying electricity consumption offsets for this event is a great example of our environmentally responsible energy management solutions. We are proud to demonstrate our ability to provide customers with a wide range of renewable products that support a carbon-free, sustainable future.”

ENGIE North America’s capabilities in renewable products span from RECs and green power supply to custom structured solutions and traditional and virtual power purchase agreements to support the development of new renewable generation assets. ENGIE North America integrates these capabilities with energy efficiency, information services, demand management, energy services and distributed generation opportunities to optimize supply, demand, and operations, and achieve energy management targets.

John Failla, Founder and Editorial Director of Smart Energy Decisions, said, “We’re honored to have the continued backing of ENGIE – a leader in the world’s transformation to a low-carbon energy economy. It’s important that we practice what we preach and ENGIE helps to make that possible with our partnership to drive change in support of the energy transition taking shape in today’s power markets.”

The Renewable Energy Sourcing Forum is an invitation-only event designed to help large energy users build and execute renewable energy strategies. The Renewable Energy Sourcing Forum is the third event brand operated by Smart Energy Decisions, an information and event platform dedicated to helping large energy users navigate the energy transition.

For more information on Smart Energy Decisions, visit www.smartenergydecisions.com.

About ENGIE North America Inc.
ENGIE North America manages a range of energy businesses in the United States and Canada, including clean power generation, cogeneration, and energy storage; retail energy sales; and comprehensive services to help customers run their facilities more efficiently and optimize energy and other resource use and expense. Nearly 100 percent of the company’s power generation portfolio is low carbon or renewable. Globally, ENGIE is the largest independent power producer and a leading energy efficiency services provider in the world, with operations in 70 countries employing 160,000 people, including 1,100 researchers in 12 R&D centers. For more information on ENGIE North America, visit our Instagram, LinkedIn, Twitter, or Facebook pages or www.engie-na.com website.

 

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ENGIE signs partnership with Hannon Armstrong for 2.3 GW Renewables portfolio in the US

July 2, 2020 – Houston, TX – ENGIE announces the signing of an agreement to sell 49% equity interest in a 2.3 GW US renewables portfolio to Hannon Armstrong (NYSE:HASI), a leading investor in climate change solutions. ENGIE will retain a controlling share in the portfolio and continue to manage the assets. On commissioning, this 2.3 gigawatts (GW) portfolio that comprises 1.8 GW of onshore wind and 0.5GW of solar photovoltaic (PV) projects, will represent a major milestone in achieving ENGIE’s goal of commissioning 9 GW additional renewable capacity by 2021.

 

“The U.S. is a key growth market for our renewables business, where we have a strong pipeline of opportunities and a solid development and operational platform to grow from. We are delighted to have partnered with Hannon Armstrong, a company solely dedicated to investments in climate change solutions,” said Gwenaëlle Avice-Huet, Executive Vice-President responsible for ENGIE Renewables business line and CEO of ENGIE North America.

“We have a shared mission to accelerate to the rapid adoption of climate change solutions, and we are pleased to partner with ENGIE once again to that end. This investment adds significant scale and diversity to our portfolio,” said Hannon Armstrong Chairman and CEO Jeffrey W. Eckel.

Under the agreement, Hannon Armstrong will take immediate ownership of 49% of 663 megawatts (MW) of commissioned wind projects. The remaining 1.6 GW of projects, currently under construction, will be transferred into the partnership upon commissioning. In line with its majority ownership, ENGIE will continue to consolidate the projects in its accounts.

In April 2020, ENGIE secured US$1.6 billion tax equity commitments, bringing the total tax equity commitments for the portfolio to almost US$2 billion. The size of the portfolio and the magnitude of its tax equity financing – the largest ever in the US – demonstrates ENGIE’s successful development in this market. Tax equity financing is the traditional structure used in the United States to support the development of renewable projects.

The portfolio comprises 13 projects (9 onshore wind projects and 4 solar), located in key markets in the United States, including the Electric Reliability Council of Texas (ERCOT), Midcontinent Independent System Operator (MISO), PJM Interconnection (PJM), the Southwest Power Pool (SPP) and PJM Interconnection (PJM).

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. relies on their key businesses (gas, renewable energy, services) to offer competitive solutions to customers. With 170,000 employees, customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress.

For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, www.engie-na.com and www.engie.com

About Hannon Armstrong Hannon Armstrong (NYSE: HASI) is the first U.S. public company solely dedicated to investments in climate change solutions, providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $6 billion in managed assets as of March 31, 2020, 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.

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

Hannon Armstrong Media and Investor Relations Contacts:
Gil Jenkins, media@hannonarmstrong.com, (443) 321 5753
Chad Reed, Investors@hannonarmstrong.com, (410) 571 6189

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ENGIE signs Major Tax Equity Financing for its 2.0 GW US Renewables Portfolio

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

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