Renewables: ENGIE Secures Major Tax Equity Financing
April 27, 2020
ENGIE North America has secured tax equity financing for its renewables portfolio. The portfolio consists of 2.0 GW of renewable assets, comprised of 1.5 GW of onshore wind and 0.5 GW of utility-scale solar PV projects, (11 farms in total), including assets in ERCOT and PJM.
ENGIE has secured financing through tax equity commitments up to $1.6 billion on projects through Bank of America and HSBC. The magnitude of the related portfolio and its successful financing testify that the U.S. is a priority market for ENGIE.