Invenergy

Invenergy is an American based multinational power generation development and operations company. The company develops, builds, owns and operates power generation and energy storage projects in the Americas, Europe and Asia. Its portfolio includes wind, solar, and natural gas power generation and energy storage facilities. It is one of the six largest owners of wind generation plants in the United States and is North America's largest privately held renewable power generation company.[1]

According to Invenergy, the company has developed 164 projects totaling 25,100 megawatts of capacity. These projects 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.[2]

Founded in 2001 after the sale of SkyGen Energy to Calpine Corporation by energy veteran Michael Polsky, who today serves as Founder & CEO, Invenergy is based in Chicago, Illinois.[3] Invenergy also has North American offices in Denver, Toronto, and Mexico City. European activity is centered in Warsaw.[4] The company also has offices in Tokyo, Medellín, and San Salvador.

In January 2013, Quebec's public pension fund manager, the Caisse de dépôt et placement du Québec, invested $500 million in the company's portfolio of operating wind farms.[5] As of 2018, CDPQ has 52.4% economic ownership of Invenergy Renewables, while the company still retains managerial control.[6]

A now bankrupt[7] yieldco of SunEdison, TerraForm Power, agreed to acquire wind assets in 2015.

In July 2017, Invenergy, in partnership with GE Renewable Energy, announced plans to construct the largest wind farm in the United States, the Wind Catcher Energy Project.[8] However, the project was scrapped in 2018 due to regulatory resistance from various state agencies.[9]

Invenergy plans to start construction of a $200 million solar farm in Lake County, Indiana in 2022.[10]

See also

References
  1. "Investing Research". Business Week. Retrieved 2009-08-17.
  2. "What We Do – Invenergy Webpage". Retrieved September 2, 2020.
  3. "Invenergy management team".
  4. "Bizjournals". Archived from the original on 2015-07-09.
  5. Caisse de dépôt et placement du Québec (January 8, 2013). "Caisse de dépôt et placement du Québec completes investment in Invenergy wind projects" (Press release). Montreal: Caisse de dépôt et placement du Québec. Retrieved January 8, 2013.
  6. https://www.prnewswire.com/news-releases/cdpq-acquires-significant-additional-stake-in-invenergy-renewables-llc-300652610.html
  8. http://www.windpowerengineering.com/featured/business-news-projects/invenergy-ge-americas-largest-wind-farm/
  9. https://www.tdworld.com/renewables/aep-cancels-wind-catcher-project
  10. "1,400-acre solar farm proposed in Indiana." Indianapolis Star, 19 April 2020.
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