The Energy Storage Report 2024

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Engie acquires US developer’s 6GW solar and storage pipeline

By Will Norman
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French utility giant Engie has acquired 6GW of solar and battery storage projects from Belltown Power in the US, continuing to strengthen the group’s project pipeline across the country.

The 33 early to late-stage projects include 2.7GW of solar, 0.7GW of solar-plus-storage and 2.6GW of standalone battery energy storage systems (BESS) spread across the country through ERCOT, PJM, MISO and WECC.

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The portfolio will accelerate clean energy development across the US and “contribute to the flexibility of the grid to improve its reliability and resilience”, Paulo Almirante, senior executive VP in charge of renewable, energy management and nuclear activities at Engie said.

Engie already has 3.9GW of installed capacity in North America as of June 2022. “This acquisition is a perfect illustration of ENGIE’s strategy to accelerate our investments in renewable energy in our key markets,” Almirante said. “It is an important step towards achieving our goal of 80GW of installed renewable capacity by 2030.”

In April this year, Engie acquired fellow French developer Photosol’s US operations consisting of 17 early-stage solar and energy storage projects. The acquisition of Belltown considerably bolsters the company’s renewables pipeline in the US, pushing it into double figures after the 4GW Photosol deal.

Belltown Power had sold 14 projects amounting to approximately 2.5GW as of November last year, as reported in PV Tech sister site Energy-Storage.News. This sale speaks to a significant growth in the last 12 months for the Texas-based PV and energy storage developer, in a period when the introduction of the Inflation Reduction Act (IRA) has seen solar manufacturing and development receive significant tax credits.

This story first appeared on PV Tech.

8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

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