Engie North America Collaborates with Hannon Armstrong to Secure $172 Million of Investment for Distributed Solar-plus-storage Portfolio

ENGIE North America and Hannon Armstrong, a main speculator in environmental change arrangements, report another association to mutually put resources into a Distributed Generation (DG) arrangement of sun powered and sun based in addition to capacity resources situated over the United States.

The portfolio is contained a broadened set of network sunlight based and business and mechanical (C&I) ground-mounted, garage and housetop sun powered and sun based in addition to capacity ventures (around 70 MW altogether) situated over the U.S., including Massachusetts, Illinois, Vermont, California, Texas, and Arizona.

"ENGIE is satisfied to join forces with Hannon Armstrong on this portfolio, which further exhibits ENGIE's authority and solid obligation to atmosphere activity objectives towards its customers. This new association fortifies the aspirations of our associations," said Gwenaëlle Avice-Huet, Executive Vice President, accountable for the Renewable and Hydrogen Business Units France, answerable for the Global Renewable Business Line and CEO of the North America Business Unit. "This program flags further forward force as we work close by our clients towards a carbon impartial future."

"We are charmed to grow our automatic relationship with ENGIE with this most recent understanding," said Hannon Armstrong Chairman and CEO Jeffrey W. Eckel. "This organization features one of the critical qualities of our memorable guiding principle recommendation to customers of executing on versatile venture answers for more modest, circulated clean energy extends that are basic to an atmosphere positive future."

The understanding will permit ENGIE to depend on submitted capital by Hannon Armstrong through December 31, 2021 to back DG resources over the U.S. ENGIE will hold halfway proprietorship and give improvement, development, operational, resource the board, and authoritative administrations. Hannon Armstrong will give cash-flow to ENGIE through a one of a kind structure that will present effectiveness to a progression of undertakings, utilizing charge value financing through an upper-level game plan with Morgan Stanley. Hannon Armstrong's cooperation with Morgan Stanley on this portfolio speaks to an extension of the organizations' relationship in acknowledgment of Morgan Stanley turning into the main U.S. bank to focus on unveiling portfolio ozone depleting substance emanations and support the push toward brought together estimation of financed outflows by means of the Partnership for Carbon Accounting Financials (PCAF).

Circulated age speaks to a significant bit of ENGIE's U.S. sun powered in addition to capacity market technique as it speaks to a sizable portion of the general non-private sunlight based in addition to capacity market. Conveyed clean energy age, including the network sun powered ventures remembered for the portfolio, cultivate admittance to environmentally friendly power and is a critical part of the spotless energy targets and desire of urban areas, networks, corporate and utility clients. ENGIE right now possesses and works around 300 MW of DG sunlight based resources.