ENGIE Buys Infinity Renewables, Acquires 8 GW Of U.S. Wind Development

0

ENGIE North America Inc. has acquired Infinity Renewables, a developer of utility-scale wind projects in the U.S. The acquisition includes more than 8 GW of projects in various stages of development, says ENGIE.

Headquartered in Santa Barbara, Calif., Infinity Renewables, along with its funding and development partner, MAP Renewable Energy, has developed and sold nearly a dozen projects totaling over 1.6 GW in commercial operation.

ENGIE intends to retain the entire Infinity staff, including its principals, who formed Infinity Renewables in 2008. The combined ENGIE and Infinity Renewables team will be working together to complete development and construction of the Infinity portfolio and will continue to own and operate those projects following commercial operation to support the increasing U.S. demand for renewable energy.

“With Infinity Renewables, ENGIE is investing in an experienced, accomplished development team, and we look forward to working with this team to accelerate the expansion of our renewables presence within the United States,” comments Frank Demaille, president and CEO of ENGIE North America. “By adding more wind energy to our other retail, solar and biomass offerings in the U.S., we can meet customers’ renewable energy procurement goals much more comprehensively than before.”

“We’re very excited to join the ENGIE family and to contribute to the company’s transition to a low-carbon future,” adds Matt Riley, CEO of Infinity Renewables. “Joining forces with a global renewable energy leader like ENGIE enables Infinity to advance its original mission, to bring more wind energy online. Working with ENGIE will benefit our key stakeholders, including landowners, communities and purchasers of zero-carbon energy from our wind farms.”

Leave a Comment

avatar
  Subscribe  
Notify of