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Engie (OTCPK:ENGIY) said Tuesday it secured more than $1B in tax equity financing from J.P. Morgan, Goldman Sachs and BNP Paribas to fund a portfolio of six recently commissioned renewable projects in the U.S., in one of the largest tax equity financing arrangements so far for Engie North America.
The markets are in the Electric Reliability Council of Texas, Midcontinent Independent System Operator and Southwest Power Pool with combined capacity of 1.3 GW, including 950 MW of solar and 353 MW of wind.
The French utility has more than 7 GW of renewable production in operation or under construction across North America; globally, it has plans to add 4 GW/year through 2025, enough capacity to supply power to more than 3M annually.