Belltown Power US has sold a 6GW portfolio of solar energy and battery storage development projects to Engie.
33 projects totaling approximately 2.7 GW of solar energy, 0.7 GW of paired storage, and 2.6 GW of standalone battery storage are included in the transaction.
The projects can be found in Texas, Pennsylvania, New Jersey, the Midcontinent Independent System Operator, and the Western Electricity Coordinating Council’s Electric Reliability Council.
Engie said that with 3.9 GW of installed renewable capacity operating at 100% as of June 30th 2022, it already had a “strong position” in North America.
The company has said “The projects are a strong addition to Engie’s existing renewables and storage pipeline in the U.S.”
“This acquisition is a perfect illustration of ENGIE’s strategy to accelerate our investments in renewable energy in our key markets,” said Paulo Alamirante, Engie’s senior executive vice-president, in charge of Renewable, Energy Management and Nuclear Activities. ”
“It is an important step towards achieving our goal of 80GW of installed renewable capacity by 2030.
“By combining green electricity generation with paired and stand-alone storage, Engie will contribute to the flexibility of the grid to improve its reliability and resilience.”