ENGIE acquired Broad Reach Power

By Global Infrastructure Sherpa · Sep 17, 2024

Acquisition Battery Storage announced United States Sep 17, 2024

800 MW

Capacity

operating

Stage

ENGIE acquired Broad Reach Power, a company specialized in battery-storage projects, and integrated 800 MW of new battery capacity in the U.S.

Source Intelligence

KEY DETAILS

The 2.7-GW portfolio consists of 15 operational projects, of which 53% is for solar generation, followed 25% for wind and 22% for colocated battery storage. Quote: "The 2.7-GW portfolio consists of 15 operational projects, of which 53% is for solar generation, followed 25% for wind and 22% for colocated battery storage."

“

Capacity

Engie North America, a subsidiary of ENGIE S.A., said last week it closed a partnership for a 2.7-gigawatt (GW) portfolio of 15 unnamed operational renewable-generation projects in the U.S.

“

Location

Engie North America, a subsidiary of ENGIE S.A., said last week it closed a partnership for a 2.7-gigawatt (GW) portfolio of 15 unnamed operational renewable-generation projects in the U.S.

“

PPA Details

ENGIE has signed a virtual power purchase agreement to provide Sonoco Products Company ( NYSE:SON ) (Hartsville, South Carolina) with generation from the facility, which is expected to be completed by engineering procurement and construction contractor Blattner Energy Incorporated (Avon, Minnesota) in late 2025.

“

Announcement

Released Tuesday, September 17, 2024

PARTIES MENTIONED IN SOURCE

ENGIE S.A. seller

"Engie North America, a subsidiary of ENGIE S.A., said last week it closed a partnership for a 2.7-gigawatt (GW) portfolio of 15 unnamed operational renewable-generation projects in the U.S."

Ares Management Corporation investor

"Engie North America, a subsidiary of ENGIE S.A. (Paris, France), said last week it closed a partnership with a unit of investment manager Ares Management Corporation ( NYSE:ARES ) (Los Angeles, California) for a 2.7-gigawatt (GW) portfolio of 15 unnamed operational renewable-generation projects in the U.S."

high quality Enriched Feb 19, 2026