Invenergy is an American based
multinational power generation development and operations company. The company develops, builds, owns and operates power generation and
energy storage
Energy storage is the capture of energy produced at one time for use at a later time to reduce imbalances between energy demand and energy production.
A device that stores energy is generally called an accumulator or battery.
Energy comes in ...
projects in
the Americas
The Americas, which are sometimes collectively called America, are a landmass comprising the totality of North America, North and South America. The Americas make up most of the land in Earth's Western Hemisphere and comprise the New World. ...
,
Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...
and
Asia
Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area ...
, including wind, solar, and natural gas power generation and energy storage facilities. It is s North America's largest privately held renewable power generation company.
According to Invenergy, the company has developed 164 projects totaling 25,100 megawatts of capacity. These include 15,318 megawatts of wind over 101 projects, 3,874 megawatts of solar over 35 projects, 5,642 megawatts of natural gas over 12 projects and 300 megawatts of energy storage facilities capable of supplying 900 megawatt hours of electricity. These totals include projects in operation, under construction or contracted.
Founded in 2001 after the sale of SkyGen Energy to
Calpine
Calpine Corporation is the largest generator of electricity from natural gas and geothermal resources in the United States, with operations in competitive power markets.
A Fortune 500 company based in Houston, Texas, the company is owned by an ...
Corporation by Michael Polsky, who today serves as Founder & CEO, the firm is based in
Chicago, Illinois
(''City in a Garden''); I Will
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. Invenergy also has North American offices in Denver, Portland, Toronto, and Mexico City. European activity is centered in
Warsaw
Warsaw ( pl, Warszawa, ), officially the Capital City of Warsaw,, abbreviation: ''m.st. Warszawa'' is the capital and largest city of Poland. The metropolis stands on the River Vistula in east-central Poland, and its population is officia ...
. The company also has offices in Tokyo, Medellín, and San Salvador.
In January 2013,
Quebec
Quebec ( ; )According to the Canadian government, ''Québec'' (with the acute accent) is the official name in Canadian French and ''Quebec'' (without the accent) is the province's official name in Canadian English is one of the thirtee ...
's public pension fund manager, the
Caisse de dépôt et placement du Québec
Caisse de dépôt et placement du Québec (CDPQ; ) is an institutional investor that manages several public and parapublic pension plans and insurance programs in Quebec. CDPQ was founded in 1965 by an act of the National Assembly, under the go ...
, invested $500 million in the company's portfolio of operating wind farms. As of 2018, CDPQ has 52.4% economic ownership of Invenergy Renewables, while the company still retains managerial control.
The Blackstone Group
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate bu ...
invested approximately $3 Billion for a minority stake in Invenergy in early 2022.
A now bankrupt
yieldco A yield co or yieldco is a company that is formed to own operating assets that produce a predictable cash flow, primarily through long term contracts. Separating volatile activities (such as development, R&D, construction) from stable activities of ...
of
SunEdison
SunEdison, Inc. (formerly MEMC Electronic Materials) is a renewable energy company headquartered in the U.S. In addition to developing, building, owning, and operating solar power plants and wind energy plants, it also manufactures high purity po ...
, TerraForm Power, agreed to acquire wind assets in 2015.
In July 2017, Invenergy, in partnership with
GE Renewable Energy
GE Renewable Energy is an American wind turbine manufacturer division of General Electric headquartered in Boulogne-Billancourt, Greater Paris, France focusing on production of energy from renewable sources. Its portfolio of products includes wi ...
, announced plans to construct the largest wind farm in the United States, the Wind Catcher Energy Project. However, the project was scrapped in 2018 due to regulatory resistance from state agencies.
Invenergy plans to start construction of a $200 million solar farm in
Lake County, Indiana
Lake County is a county located in the U.S. state of Indiana. In 2020, its population was 498,700, making it Indiana's second-most populous county. The county seat is Crown Point. The county is part of Northwest Indiana and the Chicago metropo ...
in 2022.
["1,400-acre solar farm proposed in Indiana." Indianapolis Star, 19 April 2020.]
See also
*
Wind Power
Wind power or wind energy is mostly the use of wind turbines to electricity generation, generate electricity. Wind power is a popular, sustainable energy, sustainable, renewable energy source that has a much smaller Environmental impact of wi ...
References
External links
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{{Energy in the USA
Energy companies of the United States
Solar energy companies of the United States
Wind power companies of the United States