Engie North America bolsters US solar pipeline by acquiring Photosol assets

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Engie North America currently operates 4GW of renewable energy across North America. Image: Engie North America.

Renewables developer Engie North America has bolstered its pipeline of solar and storage projects in the US by acquiring French developer Photosol’s US operations.

As part of the transaction Engie will acquire 17 solar and energy storage projects in early stage development, spread across ten different US states and located in multiple regional grids such as ERCOT (Texas), Southwest Power Pool (SPP), Western Interconnection (WECC) or SERC.

The team from the US branch of Photosol will be integrated into Engie North America

Dave Carroll, chief renewables officer at ENGIE North America, said: “The projects represent excellent greenfield opportunities for both solar and storage to help accelerate our journey towards net-zero. The team at Photosol will bring great experience, insight and further agility to our business in North America and we are delighted to have the opportunity to come together.”

Engie North America currently operates 4GW of renewable energy across North America with a double digit growth for this year, according to the company.

In December 2021, fuel distribution company Rubis entered the solar PV market by acquiring an 80% stake in French solar developer Photosol.

14 June 2022
Join us in Napa to unlock the key to reliable PV module supply to the U.S. market in 2022 & 2023. We'll also be gathering the main players in the US solar market for some wine tasting!

Read Next

May 18, 2022
US solar EPC company iSun doubled its Q1 revenue year-on-year but has lowered its 2022 guidance as a result of module procurement challenges within its utility-scale unit.
May 18, 2022
Shoals Technologies has become the latest solar manufacturer to adjust its guidance for the year, blaming an “increasingly challenging environment” caused by the US AD/CVD investigation.
May 17, 2022
Arizona Public Service (APS) has issued an all-source request for proposals (RFP) for 1-1.5GW of resources to be added before 2027.
May 16, 2022
JinkoSolar, Trina Solar and Hanwha Q CELLS are among eight PV manufacturers that have been selected by the US Department of Commerce (DOC) to provide further information on their operations as part of the agency’s ongoing tariff circumvention investigation.
May 16, 2022
Japanese energy firm Osaka Gas is to enter the US utility-scale solar market through a joint venture with project developer Oriden.
May 13, 2022
Investment management firm Axium Infrastructure has acquired Boston-based solar and energy storage developer BlueWave, its first acquisition of a renewables developer.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
October 4, 2022
New York, USA