ENGIE Acquires 6 GW of Solar, Storage Capacity From Belltown Power US

ENGIE North America has announced it has acquired a 6-GW portfolio of solar, paired and standalone battery storage development projects from Belltown Power US. The transaction includes 33 projects comprising some 2.7 GW of Solar with 0.7 GW of paired storage and 2.6 GW of stand-alone battery storage.

Belltown Power looks into the greenfield development of solar PV and energy storage projects.

The official statement of ENGIE held that the renewable energy projects are located across ERCOT, PJM, MISO and WECC1- the utilities and grid operators across the USA.

ENGIE claims to already have a strong position in North America. The company said that it has 3.9 GW of installed renewable capacity at 100% as of June 30, 2022. The projects are a strong addition to ENGIE’s existing renewables and storage pipeline in the U.S.

“These projects are a tremendous addition to our existing renewables pipeline and will help to further accelerate ENGIE’s role in the energy transition. The mix of solar, paired and stand-alone storage across a wide set of geographies both complements our existing portfolio as well as provides opportunities for expansion into new areas in the United States. The 3.3 GW of battery storage projects will be a critical enabler of flexibility and supports the balance of the grid to improve its reliability and resilience,” said Dave Carroll, Chief Renewables Officer and Head of ENGIE North America.

Hernan Farace, the CEO of Belltown Power U.S., stated, “We are very proud of having completed this transaction with ENGIE, which marks another great milestone in the journey of Belltown as a greenfield developer. The ENGIE team is very knowledgeable and has the breadth and depth of expertise to bring these projects into operations. We believe our projects are in excellent hands and look forward to the ribbon cutting ceremonies at each of these sites.”

ENGIE is also looking to purchase European RE company Asterion Energies in partnership with Spanish energy firm Repsol. Asterion too has an expected combined capacity of 6 GW.