Solar, storage and other renewables projects are facing unprecedented interconnection queues in some parts of the US. Jonathan Touriño Jacobo reports on the struggle solar and storage developers are facing in getting projects off the ground and the efforts underway to ease the problem.
The transaction also sets the stage for both companies to enter into a Memorandum of Understanding for future collaboration on the development of renewable energy.
Engie North America – a regional subsidiary of French energy company Engie – has closed US$1 billion in tax equity financing to support a 1.3GW portfolio of solar PV and wind assets across the US.
Spanish renewables developer Greenalia has closed US$200 million in three-year credit facilities to support the development of solar PV, energy storage and wind projects in the US.