Broad Reach Power — 350 MW operating BESS + 880 MW under construction + 1.7 GW pipeline in Texas (ERCOT) and California
ENGIE acquires Broad Reach Power — major battery storage platform. 350 MW operating + 880 MW under construction + 1.7 GW pipeline. Strengthens ENGIE's US storage platform alongside ERCOT/CAISO solar/wind. Among largest BESS platform M&A transactions to date.
$1.00B
Deal Value
2,930MW
Capacity
Battery Storage
Technology
CA, TX
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- EnCap Energy Transition + Apollo Funds (+ Yorktown, Mercuria)
- Buyer / Financier
- ENGIE
- Deal Value
- $1B+ equity ($1.6B total impact to ENGIE net debt)
- Stage
- Mixed (Operating + Construction + Development)
- ISO/RTO
- ERCOT, CAISO
- Source
- ENGIE / BusinessWire
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