The companies will invest in solar and solar-plus-storage assets across several US states. Credit: Engie North America.

Engie North America and investment firm Hannon Armstrong have agreed to jointly invest in a portfolio of solar and storage across the US.

As part of this initiative, the two companies will invest in distributed generation, community solar. They will also commit to commercial and industrial ground-mounted, carport and rooftop solar and solar-plus-storage projects.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The solar portfolio has a total of 70MW capacity, and is located across Massachusetts, Illinois, Vermont, California, Texas, and Arizona.

Hannon Armstrong chairman and CEO Jeffrey Eckel said: “We are delighted to expand our programmatic relationship with Engie with this latest agreement.

“This partnership highlights one of the key strengths of our historic core value proposition to clients of executing on scalable investment solutions for smaller, distributed clean energy projects that are essential to a climate-positive future.”

As per the terms of the agreement, Engie will use Hannon Armstrong’s committed capital to finance distributed generation assets across the US from through 31 December 2021.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

In addition to retaining a minor stake in the projects, Engie has agreed to build, operate and maintain the assets. Hannon Armstrong will provide capital to the company through an upper-tier arrangement with Morgan Stanley. The companies will invest $172m in total.

Engie North America business unit CEO Gwenaëlle Avice-Huet said: “Engie is pleased to partner with Hannon Armstrong on this portfolio, which further demonstrates Engie’s leadership and strong commitment to climate action goals towards its clients. This new partnership reinforces the ambitions of our organisations.

“This programme signals further forward momentum as we work alongside our customers towards a carbon neutral future.”

Power Technology Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Power Technology Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving energy industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now