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Interconnecting Renewables to the Grid: Opportunities, Challenges and the Future

As energy demand grows, so does the demand to interconnect renewable energy resources to the grid. According to Queued Up: 2024 Edition, an annual study on the characteristics of power plants seeking interconnection in the US published by Lawrence Berkeley National Lab (LBNL), there is currently more than 1,480 GW of zero-carbon generating capacity seeking transmission access. Although generating capacity and demand grow, grid interconnection remains one of the top challenges for renewable energy.

However, with several major rulings and proposals, there have been important developments in the transmission and interconnection space—from increased interconnection request requirements and costs, to getting the most out of the existing grid with Alternative Transmission Technologies (ATTs). The below explores the current setting and how to navigate the challenges of interconnecting renewable resources to the transmission grid.

FERC Order No. 2023

In response to the interconnection backlog, the Federal Energy Regulatory Commission (FERC) issued Order 2023 which aims to streamline the interconnection process. This reform required a cluster study approach across all the Independent System Operators (ISO) and Transmission Owners (TO), which attempts to study a group of projects within the same electrical region or zone at once. To standardize the process, the order also increased readiness requirements through a first ready, first served approach.

This regulation poses both challenges and opportunities for organized and non-organized energy markets. The cluster study approach minimizes study time and reduces cost, since traditionally the utilities would study projects serially. However, it also introduces delay in the study process and dependency on other projects studied in the cluster.

In large clusters with more than 20-30 projects it is very difficult to isolate multiple “what if” scenarios and understand the cost implications if other projects decide to drop out of the queue or don’t advance forward. The uncertainty in terms of cost and schedule is far more uncertain in a cluster process.

The organized markets (i.e. the ISOs) have already implemented much of what Order 2023 requires. This includes the cluster studies and requirements like withdrawal penalties, site control, and higher interconnection deposits. Since these requirements have already been implemented by multiple ISOs such as CAISO, SPP, PJM, and MISO, the impacts here are minimal.

Where FERC Order 2023 has greater implications is the non-organized markets. This is also where most of the queue was serial and the cost of entry was fairly inexpensive. Although the changes in these markets will eventually be helpful, there have been some challenges and delays to active projects as the utilities try to transition to the FERC Order 2023 guidelines.

The Order still leaves a gap on how to tie the interconnection process to long-term planning needs, thus exposing the generators to cost and schedule risks and uncertainties. It also leads to inefficiencies in how the system is planned, which is not only inefficient but also more expensive — not only for the developers but also for the rate paying customers.

FERC Order 1920

In 2024, FERC issued Order 1920 which aims to proactively plan for the future transmission system, including the interconnection of new generating resources. These reforms require proactive multi-driver and multi-benefit long term planning that considers any system upgrades identified through the interconnection process. This order also takes into account the integration of Alternative Transmission Technologies and Grid-Enhancing Technologies (GETs) to offer potential solutions for a more predictable and efficient energy grid. The criteria laid out in order 1920 aims to extend and apply to not only long-term planning but also the joint targeted interconnection queue, long range transmission planning and intra-regional planning efforts led by various ISOs.

The aging grid and new technologies

The U.S. power grid was designed for a different era and now faces the challenge of integrating renewable energy sources. FERC Orders 2023 and 1920 require transmission providers to evaluate Alternative Transmission Technologies such as dynamic line ratings, advanced power flow devices, and advanced conductors. These technologies, while not mandated, offer a bridge to faster and cheaper renewable energy integration.

Grid-enhancing technologies (GETs)

GETs can typically be deployed in months, if not weeks, and are considerably cheaper than their long-term counterparts. To-date, these GETs have been used in operational scenarios, specifically topology optimization, so it’s in the independent power producers (IPPs) interest to study the benefits of these technologies on their project. Most of the IPPs have performed studies to evaluate cost benefit and then proposed to TOs to implement.

So far, IPPs have evaluated and studied dynamic line rating and topology optimization. These have been deployed by many utilities in their current operating scenarios, while managing outages. The next step is to have enough studies to show the benefits and establish a proactive process for proper evaluation and implementation on the TO side. After several years of effort working with MISO, there is a process to get them evaluated in that grid operator. Some of our recent efforts have also come to fruition in ERCOT, but in SPP we still haven’t been able to make a breakthrough.

Just a few years ago, there was little-to-no discussion happening on how to adopt these grid enhancing technologies. Today, there are several FERC Orders such as 881, 2023 and 1920 that demonstrate the need for adopting GETs not only in the operational environment but also as we plan the grid in transmission planning. FERC Order 1920 requires that GETs be evaluated as the ISOs andTOs plan the system.

Challenges and opportunities for IPPs in GETs adoption

The biggest challenge for IPPs is the lack of clarity and transparency in the evaluation of proposing GET solutions. This is true in both the interconnection process as well as during the operational process. There is no one-stop-shop to where the criteria, contacts and processes are listed, so the evaluation is not transparent for the interconnection customer.

However, the biggest opportunity is that these solutions are win-wins for interconnection customers (IC), ISO’s and TOs. In a study done by ENGIE and New Grid (a TO software provider), by reconfiguring just three constraints resulted in approximately $151M USD market congestion costs saving annually. This was done with minimal investment and was deployed within one month. These congestion costs savings not only help the ICs, but the savings transfer to the rate payers.

Solving this congestion problem will eventually help end customers, who are the main stakeholders for any ISO/TO. We are in a time where ISO/TO do not have to do this on their own, but they can count on ICs as their partners — where we can collaboratively provide detailed technical studies, feedback, and reviews to develop this process. The modern grid needs modern solutions, and GETs are a part of that solution.

Need for future reforms

FERC Order 1920 and 2023 are good initial steps, but there is still more work to be done. Several additional reforms are needed to speed up the interconnection backlog include:

1. Requiring study automation, including quality check reviews to ensure the information passed on to stakeholders is reliable. This should include setting up an independent interconnection study monitor.

2. Fast track projects that do not need or already have network upgrades.

3. Require that all the cost-effective solutions (such as GETs) are studied and evaluated when a transmission constraint is identified during the interconnection process.

4. Ensure transparency of the reporting of transmission construction phases to stakeholders.

The above and more reforms have been proposed by industry groups to FERC, and hopefully we see more improvements coming down the pipeline.

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ENGIE and Meta announce 260 MW renewable energy agreement

HOUSTON – ENGIE North America (ENGIE) and Meta announced they recently completed an Environmental Attributes Purchase Agreement (EAPA) for ENGIE to supply 260 MW of renewable energy and associated environmental attributes from its Sypert Branch solar project in Milam County Texas to support Meta’s growing power needs in line with its net zero goals.

Meta will purchase 100% of the 260 MW facility’s output which is expected to commence operation in late 2025. Sypert Branch solar project was developed by ENGIE, who will also construct and operate the project located 70 miles northeast of Austin, Texas, and approximately 10 miles from Meta’s data center in Temple, TX.

“We are delighted to announce this agreement to work with Meta by providing renewable power that supports their growth and aligns with their net zero commitments,” said Dave Carroll, Chief Renewables Officer and SVP, ENGIE North America. “We are proud that ENGIE’s proven track record in developing, building and operating renewable assets puts us at the forefront of the energy transition and this agreement with Meta recognizes the importance of that track record to our customers.”
The 260 MW from Sypert Branch will add to the more than 12 GW of renewable energy procurement already announced by Meta.

“We are delighted to be collaborating with ENGIE to make the clean energy transition a reality through projects like Sypert Branch,” said Urvi Parekh, Head of Clean Energy, Meta. “Since 2020, we have maintained net zero emissions in our global operations – these efforts are supported by relationships such as those with ENGIE who can consistently deliver and operate projects like Sypert Branch to help meet our energy needs.”

The Sypert Branch project is expected to employ over 300 skilled workers during construction, many of them local to the region and generate more than $69 million in tax revenues to support the local community over the life of the project. This includes some $45 million specifically for two local school districts. Once operational it will add to the existing ENGIE portfolio of around 8 GW of renewable projects including solar, wind and battery storage in operation or construction across North America.
This power purchase agreement with Meta contributes to ENGIE closing almost 1 GW of signed PPAs in the U.S. for 2024 (YTD). ENGIE’s continued innovation in this space has resulted in the company being named as a top developer to sell corporate energy PPAs several years in a row.

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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 its 97,000 employees around the globe, clients, partners and stakeholders, the Group strives every day to accelerate the transition towards a carbon-neutral economy, through reduced energy consumption and more environmentally friendly solutions. Inspired by its purpose statement, ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its clients. In North America, ENGIE helps its 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.


Contacts:

ENGIE North America
Michael Clingan, External Relations
Michael.clingan@external.engie.com
832-745-6057

Meta
Ashley Settle
ashleysettle@meta.com
650-512-3565

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ENGIE announces Power Purchase Agreement with Google – Will supply power from its largest U.S. solar project to date

Latest deal builds on collaboration to accelerate the energy transition

HOUSTON – ENGIE North America (ENGIE) announced they recently completed a Power Purchase Agreement (PPA) with Google to supply 90 MW of renewable energy from its Chillingham solar project in Bell County, Texas. This agreement in the United States (U.S.) expands on ENGIE and Google’s prior collaborations in Europe and is the fifth renewable energy project under agreement between the two companies globally.    

To support its operations in Texas, Google will purchase a portion of the 350 MW facility’s output which is expected to commence operation later this year. The Chillingham solar project was developed by ENGIE, who will also construct and operate the project located north of Austin, Texas.

This agreement was facilitated through LEAP™ (LevelTen Energy’s Accelerated Process), which was co-developed by Google and LevelTen Energy to make sourcing and executing clean energy PPAs more efficient, and contributes to Google’s ambitious 2030 goal to run on 24/7 carbon-free energy (CFE) on every grid where it operates.

“We are honored to continue to expand ENGIE’s global relationship with Google, supporting their growth and delivery of their net-zero commitments” said Dave Carroll, Chief Renewables Officer, ENGIE North America “We are proud that ENGIE’s proven track record in developing, building and operating renewable assets puts us at the forefront of the energy transition. Chillingham solar clearly demonstrates ENGIE’s track record of consistently delivering quality renewables projects that meet the needs of customers such as Google – allowing us to collaborate together and meet their unique needs.”

“We’re pleased to further our collaboration with ENGIE with new carbon-free energy from its Chillingham plant that will supply our operations in Texas with clean power,” said Amanda Peterson Corio, Global Head of Data Center Energy, Google. “This agreement is another example of how using our scalable procurement approach is transforming the way the industry sells and purchases power, and ultimately speeds up the development of carbon free electricity.”

The Chillingham project has employed over 300 skilled workers during construction, many of them local to the region and will generate more than $72 million in tax revenues to support the local community over the life of the project. This includes some $53 million specifically for local school districts. Once operational, Chillingham, which will be ENGIE’s largest single solar project in the U.S. so far, will join the company’s portfolio of around 8 GW of renewable projects including solar, wind and battery storage in operation or construction across North America.

This power purchase agreement with Google contributes to ENGIE closing almost 1GW of signed PPAs in the U.S. for 2024 (YTD). ENGIE’s continued innovation in this space has resulted in the company being named as a top developer to sell corporate energy PPAs several years in a row.


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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 its 97,000 employees around the globe, clients, partners and stakeholders, the Group strives every day to accelerate the transition towards a carbon-neutral economy, through reduced energy consumption and more environmentally friendly solutions. Inspired by its purpose statement, ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its clients. In North America, ENGIE helps its 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.


Contacts:

ENGIE North America
Michael Clingan, External Relations
Michael.clingan@external.engie.com
832-745-6057

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ENGIE among the top ranking world companies!

ENGIE in the top 50! The Group lies in 46th place in the World’s Best Companies 2024 ranking published by Time magazine and Statista. What’s more, in France the Group is in the top 5.

Published by the American weekly magazine Time in partnership with Statista, a leading international provider of market and consumer data and rankings, the World’s Best Companies 2024 ranking evaluates the world’s 1,000 top performing companies according to three key criteria: employee satisfaction, revenue growth and sustainability performance (ESG criteria).

ENGIE stands out this year, ranking 46th worldwide, compared with 57th place last year. This improvement is largely due to the growth rate of the company, reflecting its ability to innovate and to adapt in a constantly changing sector.

In France, ENGIE has climbed to 5th place, in particular thanks to its Net Promoter Score (NPS), an indicator that measures overall positive customer and employee perception of the company.

This good score illustrates the Group’s commitment to providing a caring and inclusive working environment as well as its social model which reconciles economic performance with a positive impact on people and the planet.

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ENGIE enters a partnership with Ares Management for a 2.7 GW portfolio of Renewables and Storage Assets in the U.S.

HOUSTON, Sept. 12, 2024 (GLOBE NEWSWIRE) — ENGIE North America (ENGIE) announced that it recently closed a partnership with Ares Management Infrastructure Opportunities funds (Ares). This transaction represents the largest operating portfolio sell down for ENGIE in the U.S. and is one of the largest sales completed in the renewables sector based on total capacity. ENGIE will retain a controlling share in the portfolio and will continue to operate and manage the assets.

The overall 2.7 GW portfolio consists of 15 projects in operation across ERCOT, MISO, PJM and SPP, of which 53% is solar, 25% wind and 22% co-located battery storage capacity.

“We are delighted that ENGIE and Ares will be partners in such a large-scale renewables and co-located storage portfolio to further accelerate the energy transition towards a net zero future,” said Dave Carroll, Chief Renewables Officer, ENGIE North America. “The investment by Ares reflects ENGIE’s proven and recognized track record in developing, building, operating and financing renewable assets, both in North America and globally”.

ENGIE is a leader in the net zero energy transition and currently has more than 8 GW of renewable production in operation or construction across the U.S. and Canada. Globally, ENGIE has an aspiration to add 4 GW per year through 2025, with North America as a material contributor to that growth. This transaction supports ENGIE’s strategy in North America by simultaneously recycling capital and adding a leading infrastructure investor to ENGIE’s select pool of partners.

“We are thrilled to be partnering with ENGIE, a global leader in clean energy, on this highly contracted, attractive portfolio,” said Steve Porto, Partner in Ares’ Infrastructure Opportunities strategy. “This partnership provides diversification across proven technology and geography at scale alongside a strong operator. We look forward to continuing to provide the capital and experience needed to support the energy transition and build-out of climate infrastructure.”

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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 96,000 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 Ares Management
Ares Management Corporation (NYSE:ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2024, Ares Management Corporation’s global platform had over $447 billion of assets under management, with more than 2,950 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

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John Swett Unified School District Collaborates with ENGIE to Achieve Energy Sustainability and Support STEM Education

Rodeo, Calif. and HOUSTON, May 23, 2024 (GLOBE NEWSWIRE) — The John Swett Unified School District (JSUSD) today announced the successful completion of their solar and lighting retrofit project in collaboration with ENGIE North America (ENGIE), a leader in the Net Zero energy transition. The project encompasses two of the district’s locations, marking a significant step towards reducing energy costs, environmental impact, and advancing STEM education within the district.

The cornerstone of this project is the installation of solar panels that will empower the district to hedge against rising energy costs while significantly reducing its carbon footprint. The solar installation will enable the district to self-generate approximately 90 percent of its electricity consumption from on-site renewables.

“JSUSD has made substantial progress towards its sustainable energy and environmental goals, thanks to the support of ENGIE,” said JSUSD Superintendent Charles Miller. “This collaborative initiative has been made possible through the utilization of Inflation Recovery Act (IRA) funding, enabling the installation of solar and lighting solutions at three district locations.”

“In addition to these environmental benefits, ENGIE is dedicated to supporting student achievement in STEM,” said Jean-François Chartrain, Managing Director, Energy Solutions Americas at ENGIE.  “As part of the collaboration, ENGIE is providing valuable educational opportunities to JSUSD students through two student internships. This commitment to STEM enrichment demonstrates ENGIE’s dedication to not only advancing clean energy solutions but also fostering the educational growth of the next generation.”

 

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 97,000 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, 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.

 

Contact Data

Michael Clingan
ENGIE North America
michael.clingan@external.engie.com

Charles Miller, Superintendent
John Swett Unified School District
cmiller@jsusd.org

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City of Oceanside and ENGIE Announce a 30-year Comprehensive Energy Project

Oceanside, California and Houston, May 01, 2024 (GLOBE NEWSWIRE) — The City of Oceanside, in collaboration with ENGIE North America (ENGIE), announced plans for a transformative energy initiative aimed at enhancing sustainability, reducing costs and fostering community engagement.

This comprehensive 30-year initiative is projected to generate more than $26,000,000 in net savings for the City. It includes significant energy efficiency gains through a series of strategic measures, including: integrating 1.6 megawatts of solar alongside a 250-kilowatt energy storage system, replacing and refurbishing HVAC units; implementing a battery energy storage system and an energy management system; installing new, efficient distribution transformers and generator heat pumps; and upgrading interior and exterior lighting to LED.

Additionally, ENGIE is taking the lead in spearheading an extensive community engagement effort as part of this initiative. This plan includes a range of programs, including: paid internships with the City; the placement of a CivicSpark Fellow to provide support for the Climate Action Plan; fostering economic development initiatives; establishing a living lab equipped with real-time solar data; bolstering support for the Parks and Recreation Department; facilitating after-school programs to help promote STEM activities; and continuing to revitalize the John Landes Community Center.

By acting proactively, the City of Oceanside was able to secure participation in a Net Energy Metering (NEM) 2.0 Program, which significantly enhances the financial benefits of the solar installations and grandfathers the City into the program for 20 years. Another component of the initiative is the implementation of a battery energy storage system. This system is anticipated to bring numerous benefits, including peak demand shaving, energy arbitrage and demand response capabilities. Oceanside is expected to receive a battery storage system incentive of $150,000 through the State of California’s Self Generation Incentive Program.

Moreover, the initiative aligns with the nationwide Inflation Reduction Act (IRA), allowing the City to benefit from direct pay tax incentive funding. The City qualifies for more than $3.2 million in IRA funding relative to solar and energy storage. This initiative is projected to reduce 4,200,000 kWh of electricity per year, which is equivalent to the greenhouse gas emissions of 641 cars annually. Additionally, the integration of solar infrastructure into the City’s Capital Improvement Plan directly contributes to the objectives of achieving 125 MW by 2030 and 165 MW by 2045.

“This initiative represents a significant step forward for Oceanside in our commitment to sustainability and community engagement,” said Mayor Esther Sanchez. “By working with ENGIE, we are not only improving our energy infrastructure but also creating opportunities for economic development and youth engagement. We are excited to see the positive impact this initiative will have on our city.”

“We are proud to collaborate with the City of Oceanside on this groundbreaking initiative,” said Jean-François Chartrain, Managing Director, Energy Solutions Americas at ENGIE. “By leveraging innovative solutions and fostering community involvement, we aim to create a more sustainable and resilient future for Oceanside residents. This alliance exemplifies our commitment to driving positive change through energy innovation.”

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About Oceanside
The City of Oceanside, incorporated in 1888, is a full-service coastal city situated between San Diego and Los Angeles that provides its own police and fire safety, library, water and sewer services. The City has a municipal airport, a beautiful harbor, one of the longest wooden piers in the west, golf courses, aquatic centers, numerous parks, community centers, and palm-lined beaches. Oceanside has a classic beach culture feel with a highly-rated Southern California livability factor, a thriving downtown arts and culture scene, unique architecture and historic buildings, and an efficient transportation hub. Visit www.oceansideca.org


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 97,000 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, 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.

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Contact Data

Michael Clingan
ENGIE North America, External Relations
michael.clingan@external.engie.com

Rob O’Brien
City of Oceanside, Deputy City Manager
robrien@oceansideca.org

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ENGIE sees continued strong growth in renewables in the U.S.

HOUSTON, April 22, 2024 (GLOBE NEWSWIRE) — ENGIE, a leader in the Net Zero energy transition, envisions continued strong customer demand for its renewables solutions in the U.S. and aims to grow its number of integrated projects substantially.

ENGIE was recently named the top corporate seller of clean power purchase agreements (PPAs) globally in what was a record year for PPAs, according to BloombergNEF’s (BNEF) 2023 full year rankings. According to the report, corporations publicly announced a record 46 gigawatts (GW) of solar and wind contracts in 2023, a 12% increase from 2022. The U.S. remained the largest market for PPAs with 17.3GW of deals announced.

“Our strong customer focus combined with our safe, expert project delivery is at the heart of our growth in the U.S.,” said David Carroll, chief renewables officer, senior VP, North America region for ENGIE. “Our reputation for consistently delivering projects that enable our customers to meet their public commitments with confidence is key. Customers value our track record of delivering projects on-time, on-spec and on-budget. We do this by leveraging our global scale and integrated model complemented by our energy expertise and local presence.”

ENGIE currently has 7 GW of solar, wind and battery storage projects in North America and that number is growing. Last year, it ranked among the top 10 clean power owners and number 4 in top developers of clean power capacity installed in the U.S., according to American Clean Power (ACP) 2023 Market Report.

The company views its pace of growth accelerating to support its customers as PPAs increasingly become the centerpiece of companies’ sustainability strategies. Its growth pipeline also ranked in the top 10 in the U.S. according to the ACP report, with an emphasis on co-locating energy storage with solar and wind projects with its acquisition of Broad Reach Power last year.

“Our success is attributed to our team of clean energy experts – our people. They are the driving force behind our achievements, impacting one customer and project at a time,” said Prathima Sundar, chief human resources officer and VP at ENGIE N.A. “We actively seek out and cultivate top talent within the industry, fostering a culture that values diversity and inclusion. This approach ensures that we deliver the highest quality sustainability solutions to our customers.”

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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 services. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges. Together with our 97,000 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.

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ENGIE announces $1bn Tax Equity Financing for more than 1.3 GW of U.S. Renewables Assets

Largest Financing to Date Supports Acceleration of Renewables and Continued Expansion for ENGIE in the U.S.

HOUSTON – ENGIE North America (ENGIE) announced that it recently completed more than $1bn of Tax Equity financing, through separate agreements with three banks, J.P. Morgan, Goldman Sachs and BNP Paribas. The financing pertains to a portfolio of recently commissioned renewable projects in the U.S.
The overall portfolio consists of 6 projects across ERCOT, MISO and SPP, including 950 MW of solar and 353 MW of wind capacity. The aggregate 1.3 GW of these renewable projects represents one of the largest Tax Equity financing arrangements for ENGIE North America so far.

“We are delighted that ENGIE is once again able to collaborate with some of the world’s leading financial institutions to accelerate the energy transition towards a net zero future,” said Dave Carroll, Chief Renewables Officer and SVP, ENGIE North America. “This transaction reflects our proven and recognized track record in developing, building and operating renewables assets, both in North America and globally”.

ENGIE is a leader in the net zero energy transition and currently has more than 7 GW of renewable production in operation or construction across the U.S. and Canada.
“ENGIE can rely on its strong relationships with leading financial investors to support its continued acceleration of renewable growth in the U.S.,” said Audrey Robat, Chief Financial Officer, ENGIE North America. “This deal also highlights the outstanding level of commitment and expertise of our teams in delivering reliable and affordable renewable generation to the grid.”

Globally ENGIE has an aspiration to add 4 GW per year globally through 2025, with North America as a material contributor to that growth.

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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 96,000 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.
Contacts:

ENGIE North America
Michael Clingan, External Relations
Michael.clingan@external.engie.com
832-745-6057

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Ventura Unified to Become 1st District on Central Coast to Utilize IRA Funding, Launching Clean Energy Program with ENGIE

Comprehensive energy program will leverage Federal funding to implement integrated solutions at all 27 school sites and capture an expected $106 million in net energy savings.

 

VENTURA, Calif. and HOUSTON – Ventura Unified School District (VUSD) recently approved a contract with ENGIE North America (ENGIE) for comprehensive solar, LED building lighting, customized sports facility LED lighting, and an integrated STEM internship and student engagement program. As the first K-12 school district along the Central Coast to leverage Inflation Reduction Act (IRA) funding, VUSD will also utilize bond funding to help pay for the project and expand its technical scope which will positively improve sustainability outcomes across the District.

Serving approximately 15,000 students across 27 school and campus facility sites, VUSD leadership and the supporting community have long prioritized the design of a financially-viable energy program to capture energy savings and align with local and state climate action goals. ENGIE worked with the District to lock in favorable Net Energy Metering 2.0 rates for the next 20 years. VUSD is also committed to delivering sustainable solutions across all school sites – many of which are located in economically underserved parts of the city.

This project is financially attractive for the District and will reduce its overall electricity costs by 70 percent over 30 years. This work will be done across schools with a Southern California-based team of ENGIE project engineers. The combined project scope will include:

• 4,708 kW solar PV scope across 25 sites and parking canopy solar structures;

• Interior/exterior LED lighting and occupancy sensor controls at nine sites;

• Sports Field LED lighting at Buena High School and Ventura High School, reusing existing lighting infrastructure poles to minimize extended construction impact on the fields; and

• Integrated STEM offerings aligned with real-time project data production, including professional development for teachers, hands-on engineering design learning for students, and six dedicated summer intern opportunities for local students.


The VUSD program is expected to save $133 million in energy costs over the lifetime of the project. The District should be eligible for $14 million in IRA federal funding dollars that will go directly to it after the project is completely constructed.

“As thoughtful stewards of our community’s resources, Ventura Unified has been interested in solar energy and high-efficiency LED lighting systems for many years. Unfortunately, making those changes was cost-prohibitive until recently,” stated Board President, Sabrena Rodriguez. “Thanks to the generosity of our community by passing Measure E, a general obligation bond to update our schools, we can now make these changes a reality. These changes are not only a positive step towards sustainability and resilience for the District, but they will also provide opportunities for our students and staff to learn about how green technologies can be good for the financial bottom line — creating a win-win for the community and our schools.”
“The IRA is a true gamechanger for our ENGIE customers – now that we are seeing local leaders like VUSD start to directly build out projects that leverage potential IRA funding, it is clear what a win-win this is for energy communities across the U.S.,” said Jean-Francois Chartrain, Managing Director, Energy Solutions Americas at ENGIE. “We are excited to help VUSD expedite their plan for long-term sustainability that will enhance and elevate the District’s financial and environmental impact through our range of comprehensive solutions.”


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About VUSD
The Ventura Unified School District (VUSD) is located in Southern California, in the coastal city of Ventura, approximately 70 miles north of Los Angeles. The District is made up of an early childhood education program, 26 elementary, middle, and high schools, with approximately 15,000 school-age students, an adult education center, 2,000 staff, and a wealth of parents and community members who all strive to help our children find their passion—academically and personally. For more information, visit www.venturausd.org.

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 96,000 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.


Contacts:

VUSD
Marieanne Quiroz, Director of Communications / PIO
marieanne.quiroz@venturausd.org
805-641-5000

ENGIE North America
Michael Clingan, Press and External Relations
Michael.clingan@external.engie.com
832-745-6057

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