Hannon Armstrong (HASI) Invests 1.3 GW Renewables of AES Corp in U.S.A.

• HASI will make a common equity investment in a concerning 1.3 GW portfolio of operating solar as well as wind projects situated in 6 states of the US.
• The general public company is also funding land had by AES for a solar project as well as a standalone battery energy storage system in California.

Climate solutions investor Hannon Armstrong Sustainable Infrastructure Capital (HASI) has introduced the close of 2 new programmatic investments in grid-connected renewable resource assets established, had as well as run by the AES Corporation. The US based HASI is a public firm that supplies capital to assets developed by business in energy effectiveness, renewable energy, as well as other sustainable infra markets.

Today HASI keeps over $9 billion in managed assets. AES also is one of the biggest renewable energy designers as well as drivers in America with a 51 GW development pipe.

Per the agreement, HASI will certainly make a common equity investment in a concerning 1.3 GW portfolio of running solar and wind projects situated in 6 states: Arizona, California, New York City, South Dakota, Utah, and also Virginia. The public firm is likewise funding land had by AES for a solar project as well as a standalone battery energy storage system in California.

Susan Nickey, Chief Client Officer, HASI, stated, "We are enjoyed broaden our programmatic connection with AES with this new collaboration, which is developed to motivate added investments over the following a number of years."

Leo Moreno, President, AES Clean Energy, notified, "AES is committed to accelerating a greener, smarter energy future. This investment creates a possibility to broaden our advancement of renewable resource projects, expanding our portfolio of wind, solar as well as battery energy storage centers throughout the united state"

As per the offer, HASI intends to obtain a 49% equity rate of interest in the portfolio that includes 17 operating solar projects, as well as one wind project. With a weighted average remaining contract life of approximately 18 years, the portfolio's capital are contracted with a varied team of predominately investment-grade business, energy, and also community off-takers. HASI claimed that AES will certainly continue to possess as well as run the assets.

Solar As Well As Storage Land Financings

The extra solar as well as storage land fundings improve the five-year record of solar land purchases with AES' clean energy business in the united state

"These senior-level land funding as well as common equity deals with AES are a fantastic example of just how we help fix the numerous investment needs of our clients, all transacted with an integrated team," stated Manny Haile-Mariam, MD, HASI.

Lately, HASI was named in the global ecological non-profit CDP's 2022 'A List' acknowledging its leadership role for climate positive actions and environmental disclosure performance.