Alternative Energy Investing Group Sachs has made an undisclosed investment in the 75 MW US solar and energy storage portfolio of French energy company Engie through the bank’s Goldman. Engie’s US portfolio consists of behind-the-meter installations that supply power for commercial and municipal users and front-of-the-meter schemes for rural cooperatives. Some of the projects have power purchase agreements in place and will start supplying power immediately. The Alternative Energy Investing Group investment is spread over a year and the deal also offers Engie a route to long-term capital for further US development.
Goldman Sachs has made an undisclosed investment in the 75 MW US solar and energy storage portfolio of French energy company Engie through the bank’s Alternative Energy Investing Group. Engie’s US portfolio consists of behind-the-meter installations that supply power for commercial and municipal users and front-of-the-meter schemes for rural cooperatives. Some of the projects have power purchase agreements in place and will start supplying power immediately. The Goldman investment is spread over a year and the deal also offers Engie a route to long-term capital for further US development.