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Invenergy and HASI Expand Partnership to Support 2.7 GW Portfolio of Solar, Solar-Plus-Storage, and Wind Projects Across the U.S.

HASI
  • Invenergy & HA Sustainable Infrastructure Capital (HASI) closed a strategic equity partnership for a 2.7-gigawatt portfolio of U.S. clean energy projects.
  • The portfolio includes utility-scale solar, solar-plus-battery storage, & wind projects located across six major power markets in seven states.
  • Invenergy retains majority ownership & continues to lead day-to-day operations of the assets.
  • The 10 projects include over 850 MW currently operating, with the remainder expected to reach commercial operation by Q1 2027.
  • HASI will fund each project as it reaches commercial operation & all assets are backed by long-term agreements with investment-grade offtakers.
  • CIBC Capital Markets advised Invenergy, while Sidley Austin LLP & Baker McKenzie served as legal counsel for Invenergy & HASI respectively.
  • Invenergy stated the transaction allows capital recycling to support long-term growth, while HASI highlighted the partnership as a pairing of development expertise with long-term capital solutions.
  • Invenergy is North America's largest privately held power infrastructure developer with over 36 gigawatts developed & 20 gigawatts operating across four continents.
  • HASI manages over $17 billion in sustainable infrastructure assets & is listed on the NYSE under the ticker HASI.