Invenergy and HASI Expand Clean Energy Portfolio with $2.7B Partnership
Event summary
- Invenergy and HASI have closed a strategic equity partnership supporting a 2.7 GW portfolio of solar, solar-plus-storage, and wind projects across the U.S.
- The portfolio comprises 10 projects totaling 2.7 GW across seven states, with more than 850 MW currently operating.
- HASI will fund each project as it reaches commercial operation, with the remaining projects expected to come online by Q1 2027.
- All projects are backed by long-term agreements with investment-grade offtakers, including corporate, utility, and public-sector entities.
The big picture
This partnership underscores the increasing collaboration between developers and investors in the renewable energy sector, driven by the need for large-scale, contracted clean energy assets. With HASI's $17 billion in managed assets and Invenergy's extensive project portfolio, the deal highlights the strategic importance of long-term capital solutions in supporting the energy transition. The involvement of investment-grade offtakers further emphasizes the financial viability and stability of these projects.
What we're watching
- Capital Recycling
- How Invenergy's ability to recycle capital will impact its long-term growth and project pipeline.
- Market Demand
- Whether the growing demand for large-scale, contracted clean energy and storage assets will sustain the partnership's success.
- Project Execution
- The pace at which the remaining projects will come online and meet their commercial operation deadlines.
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