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Engie raises $1bn tax equity for 1.3GW US assets

RICHARD HEAP

February 28, 2024

Engie North America has raised over $1bn tax equity from three banks for a 1.3GW portfolio of six solar and wind projects in the US.

The utility secured the tax equity financing in separate agreements with BNP Paribas, Goldman Sachs and JP Morgan. The portfolio is made up of 950MW solar and 353MW wind projects, and is one of Engie North America’s largest tax equity deals to date.

Dave Carroll, chief renewables officer and senior vice president at Engie North America, said: “This transaction reflects our proven and recognized track record in developing, building and operating renewables assets, both in North America and globally.”