Invenergy, HASI expand renewable energy partnership
Project developer and independent power producer Invenergy and HA Sustainable Infrastructure Capital (HASI) have announced a strategic equity partnership revolving around solar, storage, and wind projects in the U.S.
The entire portfolio, comprised of a group of ten projects across seven U.S. states, totals 2.7 GW of electrical power. HASI and Invenergy officials say that more than 850 MW from these projects is already in operation, and the remaining wattage is set to come online during Q1 2027.
“The transaction with HASI underscores Invenergy’s industry-leading execution abilities and allows us to recycle capital and support the company’s long-term growth,” says Meghan Schultz, executive VP and CFO of Invenergy. “HASI continues to be a great partner as we continue to deploy power infrastructure that meets the needs of our customers and communities.”
Invenergy representatives say their company has commissioned several utility-scale solar projects within the past year, including those in Ohio, Texas, and Indiana.
Taking the next steps
Invenergy says it will retain control, as well as majority ownership, of the projects. The firm will lead each project’s day to day operations, and that the extended partnership “partnership builds on the companies’ longstanding relationship” and supports Invenergy’s growth in the renewable energy space.
Specifically, the company notes that the U.S. market is seeing growing demand for large-scale energy storage assets. This is backed by recent reports from the Solar Energy Industries Association (SEIA) and Wood Mackenzie, including the recently released Solar Market Insight report.
“Invenergy is among the most experienced and respected power infrastructure developers in the country, and this portfolio reflects the breadth and quality of its platform,” said HASI Chief Client Officer Susan Nickey. “We are proud to build on our partnership with Invenergy through this investment, pairing Invenergy’s development and operating expertise with HASI’s long-term capital solutions to support energy infrastructure across the United States.”
HASI will fund each project as it reaches commercial operation, the firms say, and all projects are currently backed by long-term agreements with investment-grade offtakers.
