GREEN TECH MEDIA | The North American arm of European energy giant Engie SA and climate-focused investor Hannon Armstrong announced Thursday they will partner on a 2.3-gigawatt portfolio of U.S. wind and solar projects slated for completion this year.
The two will split equity ownership of the Engie-developed portfolio, with that company maintaining a 51 percent majority interest and continuing to manage the projects. The portfolio includes wind installations in South Dakota, Kansas, Oklahoma and Texas as well as solar projects in Texas — where Engie’s North American subsidiary is based — and Virginia. Offtakers include big-name brands such as Target, Microsoft and Walmart, plus just one investor-owned utility: Minnesota-based Xcel Energy, which is working toward achieving 100 percent carbon-free electricity by 2050.
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