Engie purchases 8 GW US projects through acquiring Infinity Renewables
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ENGIE North America Inc. has announced that it has acquired Infinity Renewables, a leading developer of utility-scale wind projects in the United States. The acquisition includes more than 8,000 MW of projects in various stages of development.
Headquartered in Santa Barbara, California, Infinity Renewables has successfully developed and sold over 10 projects with a total installed capacity of over 1,600 MW with its funding and development partner MAP Renewable Energy. All of these projects are now in commercial operation.
This acquisition is part of ENGIE's efforts to meet the increased demand from corporations in the U.S. for clean energy sources of power, both utility-scale and decentralized, as well as services to run their facilities more reliably and efficiently with fewer carbon emissions and lower costs.
ENGIE intends to retain the entire Infinity staff, including its principals who formed Infinity Renewables in 2008. The combined ENGIE and Infinity Renewables team will work together to complete the development and construction of Infinity's portfolio, and will continue to own and operate those projects following commercial operation.
ENGIE has developed a substantial portfolio of renewable and natural gas-fired power production projects in North America through its subsidiaries operating there. The company own 700 MW of operating wind generation and over 2,000 MW of wind projects in various stages of development in Canada.
One of Infinity Renewables' biggest projects is the 474 MW Solomon Forks wind farm, located near the city of Colby in northwestern Kansas. The company has signed two PPA contracts for the project since the start of 2018.
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