ENGIE North America Obtains $800m Financing for 665 MW Wind, Solar Projects

• Tax-Equity financing for its Iron Star and also Priddy wind projects and Equity financing for the portfolio of these assets in addition to the Hawtree solar project got on program.

Bank of America, Wells Fargo and InfraRed Capital Partners among others took part in the financing.

ENGIE North America has revealed that the business has effectively completed Tax-Equity financing for its Iron Star (Kansas) and also Priddy (Texas) wind projects as well as Equity financing for the portfolio of these properties in addition to Hawtree solar project. The solar project was recently stated commercially operational. Together the projects amount to 665 MW.

ENGIE says that leading financial institutions joined the financing that included long-standing Tax-Equity partnerships with Bank of America and Wells Fargo among others and also a brand-new relationship with InfraRed Capital Partners who supplied equity financial investments for the projects.

" We are excited to once more work together with Bank of America as well as Wells Fargo among others to fund our growing renewables portfolio. We are likewise happy to be joined by a brand-new equity companion in InfraRed-- we are creating lasting relationships that are assisting to accelerate the trip to carbon nonpartisanship across the USA." claimed Eric De Caluwe, Head of Acquisitions, Investments as well as Financial Advisory, ENGIE.

Chief Renewables Officer for ENGIE, David Carroll said, "ENGIE's deep operating experience of renewable projects coupled with our relationships with leading financial institutions such as Bank of America, Wells Fargo and also InfraRed offers the toughest structure possible to meet the requirement for significant expansion of wind, solar and storage capacity across North America,"

" With more than 4,500 MW of renewables in operation or building in North America, developing strong collaborations such as these is a foundation of our strategy," included Carroll.

Jack Paris, head of Americas for InfraRed Capital Partners, claimed "We are delighted to buy Iron Star, Priddy as well as Hawtree and also look forward to constructing a solid relationship with a seasoned and sector leading companion, such as ENGIE. This financial investment increases our activities in North America and also sustains our significant growth passion in the clean power market."

Both wind projects situated in Ford County, Kansas and also Mills County, Texas, respectively, are possessed by affiliates of ENGIE. The Hawtree solar project is in Warren County, North Carolina. The projects are part of the greater than 4 GW portfolio of renewable resource properties presently handled by ENGIE throughout North America.

The Iron Star wind projects have 62 wind turbines with the ability of generating 4.8 MW each and 63 turbines of the very same size operating at the Priddy project. The Hawtree project's installed ability amounts to 65 MWac. The eco-friendly power that is generated at the projects will be offered under previously agreed lasting PPAs. ENGIE educates that the 3 projects can produce clean power to fulfill the requirements of around 200,000 American residences.