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Parent Of Retail Supplier Acquires Renewables Developer, As Key Piece Of Serving C&I Customers With Comprehensive Solution
ENGIE North America Inc. recently announced that it had acquired Infinity Renewables, a 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. Infinity Renewables, along with its funding and development partner MAP Renewable Energy, has developed and sold nearly a dozen projects totaling over 1,600 MW, all of which are now in commercial operation.
"Corporations in the U.S. are increasingly seeking 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 has been working to expand its offerings in North America to address these needs. Infinity Renewables will be a key piece of ENGIE’s solution set for current and future customers," ENGIE said.
"By adding more wind energy to our other retail, solar, and biomass offerings in the U.S., we can meet customers’ renewable energy procurement goals much more comprehensively than before," said Frank Demaille, President and CEO of ENGIE North America.
"The combined ENGIE and Infinity Renewables team will be working together to complete development and construction of the Infinity portfolio, and will continue to own and operate those projects following commercial operation to support the increasing demand in the U.S. for renewable energy," ENGIE said.
ENGIE intends to retain the entire Infinity staff, including its principals who formed Infinity Renewables in 2008.
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February 26, 2018
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Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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