Engie Acquires 70-MW Solar Projects in Pennsylvania

• Engie North America boosts its renewable footprint with a 70 MW solar acquisition in Pennsylvania, aligning with its mission for sustainable, local energy solutions.

Engie North America Inc, a unit of French utility Engie SA, has agreed to acquire a portfolio of over 70 MW of net energy metered distributed solar projects in Pennsylvania. The portfolio, consisting of 22 projects, will be purchased from Pennsylvania-based solar developer Prospect14. Financial terms of the deal were not disclosed.

The acquisition supports Engie's commitment to renewable energy in a region with growing demand for distributed solar generation. Kristen Fornes, head of distributed solar and storage at Engie North America, emphasized the projects' alignment with the company's mission to provide sustainable, locally sourced energy. Engie North America had over 8.5 GW of renewable power and battery storage capacity under construction as of March.

How does Engie's acquisition of solar projects impact Pennsylvania's renewable energy landscape?

• Enhances Pennsylvania's renewable energy capacity by adding over 70 MW of solar power.
• Supports the state's goals for increasing renewable energy sources and reducing carbon emissions.
• Encourages local job creation and economic growth through the development and maintenance of solar projects.
• Promotes energy independence and resilience by diversifying the state's energy mix.
  
• Aligns with Pennsylvania's policies and incentives aimed at expanding solar energy adoption.
• Strengthens Engie's position in the U.S. renewable energy market, particularly in distributed solar generation.
• Provides a model for other states in the region to follow in terms of renewable energy development.
• Contributes to the national goal of increasing the share of renewables in the energy grid.
• Offers potential for future expansion and additional projects in Pennsylvania and neighboring states.