Engie North America has successfully completed tax-equity financing and equity financing for renewables projects totalling 665MW.
The finance covers the Iron Star and Priddy wind farms plus the Hawtree solar park, which recently declared commercial operations.
The two wind projects located in Ford County, Kansas and Mills County, Texas, respectively, are owned by affiliates of Engie.
Iron Star comprises 62 4.8MW turbines and Priddy 63 4.8MW machines.
The 65MW Hawtree is located in Warren County, North Carolina.
The three projects were constructed during 2021 and early 2022.
The renewable power that is produced at the projects will be sold under previously agreed long-term power purchase agreements.
Leading financial institutions participated in the financing that included Bank of America and Wells Fargo among others and a new relationship with InfraRed Capital Partners, which provided equity investments for the projects.
Engie North America head of acquisitions, investments and financial advisory Eric De Caluwe said: “We are excited to again collaborate with Bank of America and Wells Fargo among others to fund our growing renewables portfolio.
“We are also happy to be joined by a new equity partner in InfraRed – we are creating long-term relationships that are helping to accelerate the journey to carbon neutrality across the US.”
Engie North America chief renewables officer David Carroll said: “Engie’s deep operating experience of renewable projects coupled with our relationships with leading financial institutions such as Bank of America, Wells Fargo and InfraRed provides the strongest foundation possible to meet the need for major expansion of wind, solar and storage capacity across North America.
“With more than 4500MW of renewables in operation or construction in North America, building strong collaborations such as these is a cornerstone of our approach.”
Wells Fargo head of renewable energy and environmental finance group Philip Hopkins said: “Wells Fargo is proud to support large scale renewable energy projects like Iron Star and Priddy.
“Providing expertise and capital to important customers like Engie is just one way we are helping accelerate the transition to a lower-carbon economy.”
InfraRed Capital Partners head of the Americas Jack Paris said: “We are delighted to invest in Iron Star, Priddy and Hawtree and look forward to building a strong relationship with an experienced and industry leading partner, such as Engie.
“This investment expands our activities in North America and supports our significant growth ambition in the clean energy sector.”