ENGIE North America to Acquire 22 NEM Solar Projects in Pennsylvania from Prospect14

The portfolio consists of multiple distributed solar projects designed to provide clean, cost-effective electricity. By acquiring these projects, ENGIE continues to expand its commitment to renewable energy solutions in the region.

Kristen Fornes, Head of Distributed Solar and Storage at ENGIE North America, commented: "We are excited to develop solar energy projects in Pennsylvania. These projects align with our mission to deliver sustainable, locally sourced energy while supporting the Commonwealth's transition to a more resilient and decarbonized energy system."

Brendan Neagle, President of Prospect14, added, "This is great news for Pennsylvania. A well-capitalized energy market leader like ENGIE investing in solar projects in the Commonwealth means more jobs, increased local tax revenue for rural communities, and enhanced reliability for the distribution grid. Prospect14 is proud to play a role in making these benefits a reality in our home state."

The acquisition of this portfolio reinforces the growing demand for distributed solar generation in Pennsylvania and the financeability of NEM solar projects, and highlights the Commonwealth's potential for further renewable energy investment. As Pennsylvania continues to expand its clean energy infrastructure, transactions like this will help drive economic growth and environmental sustainability.