ENGIE enters partnership with CBRE Investment Management for 2.4 GW portfolio of Battery Storage Assets in the U.S.
ENGIE North America has formed a strategic partnership with CBRE Investment Management for a significant 2.4 GW battery storage portfolio across Texas and California. The portfolio encompasses 31 operational projects in ERCOT and CAISO territories, marking one of the largest battery storage financing transactions in the sector. ENGIE will maintain a controlling stake while continuing to operate and manage the assets.
This partnership represents one of ENGIE's largest operating portfolio partnerships in the U.S., showcasing the company's substantial presence in North America with over 11 GW of renewable production and battery storage in operation or construction. The transaction aligns with ENGIE's strategy of capital recycling while expanding its partnership base with globally recognized investors.
ENGIE North America ha stretto una partnership strategica con CBRE Investment Management per un importante portafoglio di accumulo a batteria da 2,4 GW in Texas e California. Il portafoglio comprende 31 progetti operativi nei territori ERCOT e CAISO, rappresentando una delle più grandi operazioni di finanziamento nel settore dello storage a batteria. ENGIE manterrà una quota di controllo continuando a gestire e operare gli asset.
Questa collaborazione rappresenta una delle più grandi partnership operative di ENGIE negli Stati Uniti, evidenziando la solida presenza dell’azienda in Nord America con oltre 11 GW di produzione da fonti rinnovabili e accumulo a batteria in esercizio o in costruzione. L’operazione è in linea con la strategia di ENGIE di riciclare capitale ampliando al contempo la base di partnership con investitori di fama mondiale.
ENGIE North America ha establecido una alianza estratégica con CBRE Investment Management para un importante portafolio de almacenamiento en baterías de 2,4 GW en Texas y California. El portafolio incluye 31 proyectos operativos en los territorios ERCOT y CAISO, marcando una de las transacciones de financiamiento más grandes en el sector de almacenamiento en baterías. ENGIE mantendrá una participación mayoritaria y seguirá operando y gestionando los activos.
Esta asociación representa una de las mayores alianzas operativas de ENGIE en EE.UU., demostrando la fuerte presencia de la compañía en Norteamérica con más de 11 GW de producción renovable y almacenamiento en baterías en operación o construcción. La transacción está alineada con la estrategia de ENGIE de reciclar capital y ampliar su base de socios con inversores reconocidos a nivel mundial.
ENGIE North America는 텍사스와 캘리포니아 전역에 걸친 2.4GW 배터리 저장 포트폴리오를 위해 CBRE Investment Management와 전략적 파트너십을 체결했습니다. 이 포트폴리오에는 ERCOT 및 CAISO 지역의 31개의 운영 중인 프로젝트가 포함되어 있으며, 이는 배터리 저장 분야에서 가장 큰 금융 거래 중 하나입니다. ENGIE는 지배 지분을 유지하며 자산 운영과 관리를 계속할 예정입니다.
이번 파트너십은 ENGIE의 미국 내 최대 운영 포트폴리오 파트너십 중 하나로, 북미에서 11GW 이상의 재생에너지 생산 및 배터리 저장을 운영 중이거나 건설 중인 회사의 막대한 존재감을 보여줍니다. 이번 거래는 ENGIE의 자본 재활용 전략과 전 세계적으로 인정받는 투자자들과의 파트너십 확대 전략에 부합합니다.
ENGIE North America a formé un partenariat stratégique avec CBRE Investment Management pour un important portefeuille de stockage par batteries de 2,4 GW au Texas et en Californie. Ce portefeuille comprend 31 projets opérationnels dans les territoires ERCOT et CAISO, constituant l'une des plus grandes opérations de financement dans le secteur du stockage par batteries. ENGIE conservera une participation majoritaire tout en continuant à exploiter et gérer les actifs.
Ce partenariat représente l'une des plus grandes collaborations opérationnelles d'ENGIE aux États-Unis, illustrant la forte présence de l'entreprise en Amérique du Nord avec plus de 11 GW de production renouvelable et de stockage par batteries en exploitation ou en construction. Cette transaction s'aligne avec la stratégie d'ENGIE de recyclage du capital tout en élargissant sa base de partenaires avec des investisseurs mondialement reconnus.
ENGIE North America hat eine strategische Partnerschaft mit CBRE Investment Management für ein bedeutendes 2,4 GW Batterie-Speicherportfolio in Texas und Kalifornien geschlossen. Das Portfolio umfasst 31 operative Projekte in den ERCOT- und CAISO-Gebieten und stellt eine der größten Finanzierungs-transaktionen im Bereich Batteriespeicher dar. ENGIE wird eine Mehrheitsbeteiligung behalten und die Anlagen weiterhin betreiben und verwalten.
Diese Partnerschaft ist eine der größten operativen Portfolio-Partnerschaften von ENGIE in den USA und unterstreicht die starke Präsenz des Unternehmens in Nordamerika mit über 11 GW erneuerbarer Erzeugung und Batteriespeicher in Betrieb oder im Bau. Die Transaktion entspricht ENGIEs Strategie des Kapitalrecyclings und der Erweiterung der Partnerschaftsbasis mit weltweit anerkannten Investoren.
- One of the largest battery storage financing transactions in the sector's history
- ENGIE retains controlling share and operational control of the assets
- Portfolio spans 31 operational projects across strategic ERCOT and CAISO territories
- Partnership enables ENGIE to recycle capital while maintaining operational control
- Demonstrates ENGIE's strong market position with 11 GW of renewable and storage capacity
- None.
Insights
CBRE IM's investment in ENGIE's 2.4 GW battery storage portfolio represents a major transaction that validates the maturation of grid-scale storage as an asset class.
This partnership between ENGIE and CBRE Investment Management represents a landmark transaction in the energy storage sector. With 2.4 GW of battery storage assets across 31 projects in ERCOT (Texas) and CAISO (California) territories, the scale is truly significant. These are two markets facing serious grid reliability challenges due to increasing renewable penetration and extreme weather events.
The structure of this deal is particularly noteworthy - ENGIE maintains operational control while recycling capital through CBRE IM's investment. This demonstrates the growing sophistication in how energy infrastructure assets are being monetized without sacrificing strategic operational priorities. For ENGIE, with over 11 GW of renewable and storage assets in operation or construction across North America, this transaction allows them to free up capital for future development while keeping their operational expertise engaged.
From CBRE Investment Management's perspective, this represents a strategic expansion into what they term "infrastructure 2.0 assets" - next-generation infrastructure investments aligned with digitalization and decarbonization trends. Battery storage assets typically generate revenue through capacity payments, ancillary services, and energy arbitrage opportunities, providing relatively stable returns despite being newer technology infrastructure.
The significance extends beyond these two parties - this transaction helps establish market valuations and partnership structures for large-scale battery storage portfolios, potentially accelerating institutional investment in this critical grid infrastructure sector. While specific financial terms weren't disclosed, deals of this magnitude tend to run into the hundreds of millions, if not billions, of dollars.
One of largest battery storage financing transactions to date
This transaction is one of ENGIE's largest operating portfolio partnerships in the
The 2.4 GW portfolio consists of 31 projects in operation in Electric Reliability Council of
"We are delighted that ENGIE and CBRE IM are partnering in this industry-leading transaction, supporting 2.4 GW of storage that will support the growing demand for power in
ENGIE is a leader in meeting growing energy needs in
"We are excited to partner with ENGIE on this high-quality, scaled battery storage portfolio with a strong operating track record," said Robert Shaw, Managing Director, Private Infrastructure Strategies at CBRE Investment Management. "This investment reflects our proven strategy of investing in infrastructure 2.0 assets that leverage the breadth of the CBRE IM platform and benefit from strong contracted revenue and macro digitalization and decarbonization tailwinds."
About ENGIE North America
Based in
About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world's largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE's data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management's presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.
Contacts:
ENGIE North America
Michael Clingan, External and Press Relations
Michael.clingan@external.engie.com
C +1 832-745-6057
CBRE IM
Josh Stoffregen-Foye
Head of Media Relations
CBRE Investment Management
200 Park Avenue | Suite 2001 | NY, NY 10166
C +1 347-882-0148
josh.stoffregenfoye@cbreim.com | LinkedIn
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SOURCE Engie North America Inc.
FAQ
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