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 (energy), accumulator or Batte ...
projects in
the Americas
The Americas, sometimes collectively called America, are a landmass comprising the totality of North America and South America.'' Webster's New World College Dictionary'', 2010 by Wiley Publishing, Inc., Cleveland, Ohio. When viewed as a sin ...
,
Europe
Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...
and
Asia
Asia ( , ) is the largest continent in the world by both land area and population. It covers an area of more than 44 million square kilometres, about 30% of Earth's total land area and 8% of Earth's total surface area. The continent, which ...
, including wind, solar, and natural gas power generation and energy storage facilities. It is North America's largest privately held renewable power generation company.
According to Invenergy, the company has developed 190 projects totaling 30,135 megawatts of capacity. These include 17,600 megawatts of wind over 110 projects, 6,085 megawatts of solar over 49 projects, 5,964 megawatts of natural gas over 13 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.
History
Founded in 2001 after the sale of SkyGen Energy to
Calpine Corporation by Michael Polsky, who today serves as Founder & CEO, the firm is based in
Chicago, Illinois
Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...
. Invenergy also has North American offices in Denver, Portland, Toronto, and Mexico City. European activity is centered in
Warsaw
Warsaw, officially the Capital City of Warsaw, is the capital and List of cities and towns in Poland, largest city of Poland. The metropolis stands on the Vistula, River Vistula in east-central Poland. Its population is officially estimated at ...
. The company also has offices in Tokyo, Medellín, and San Salvador.
In January 2013,
Quebec
Quebec is Canada's List of Canadian provinces and territories by area, largest province by area. Located in Central Canada, the province shares borders with the provinces of Ontario to the west, Newfoundland and Labrador to the northeast, ...
's public pension fund manager, the
Caisse de dépôt et placement du Québec
The Caisse de dépôt et placement du Québec (, CDPQ; ) is an institutional investor that manages several public and parapublic pension plans and insurance programs in the Canadian province of Quebec. It was established in 1965 by an act of the ...
, 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. It was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson, Peter Peterson and Stephen A. Schwarzman, Stephen Schwarzman, who h ...
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 ...
, TerraForm Power, agreed to acquire wind assets in 2015.
In July 2017, Invenergy, in partnership with
GE Renewable Energy
GE Renewable Energy was a manufacturing and services division of the American company General Electric. It is headquartered in Boulogne-Billancourt, near Paris, France and focuses on the production of energy systems that use renewable sources. It ...
, 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.
In April 2020, Invenergy announced its plans to begin construction of a $200 million solar farm in
Lake County, Indiana
Lake County is a county (United States), county located in the U.S. state of Indiana. In 2020, its population was 498,700, making it Indiana's List of counties in Indiana, second-most populous county. The county seat is Crown Point, Indiana, C ...
in 2022.
["1,400-acre solar farm proposed in Indiana." Indianapolis Star, 19 April 2020.]
See also
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Wind Power
Wind power is the use of wind energy to generate useful work. Historically, wind power was used by sails, windmills and windpumps, but today it is mostly used to generate electricity. This article deals only with wind power for electricity ge ...
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