Schneider Electric plans $500 M package of 100-plus microgrid projects
France, Paris: GreenStruxure, a joint venture of Schneider Electric and Huck Capital, and ClearGen (Blackstone), have announced a strategic partnership.
Image source: T&D World
France, Paris: GreenStruxure, a joint venture of Schneider Electric and Huck Capital, and ClearGen (Blackstone), have announced a strategic partnership.
The partnership will accelerate the ability for commercial and industrial customers (C&I) to transition to cost effective, sustainable and resilient energy.
Through this partnership, GreenStruxure will develop and operate highly standardised on-site renewable energy microgrid systems. ClearGen will provide the capital to develop the assets through a $500 M commitment of long-term capital provided by funds managed by Blackstone.
Demand for on-site renewable energy assets is growing rapidly as consumers are faced with rising energy costs, a desire to improve the sustainability of their operations, and service outages caused by extreme weather and natural disasters. However, building on-site microgrid assets requires capital outlay and building owners and operators have few other options available to them today to take control of their energy. The solution provided by GreenStruxure and ClearGen makes decarbonized, on-site energy simple and accessible for C&I customers.
The partnership combines the expertise and capabilities of leaders in renewable energy and sustainability: Schneider, the world leader in the digital transformation of energy management and automation; Huck Capital, a leading sustainability impact investor fund; and Blackstone, one of the world’s largest alternative asset managers and a market leader in providing large scale capital solutions to the renewable energy industry.
“Look at the environment around us. All roads point to clean energy, from increased consumer awareness and policy initiatives to strong corporate and financial institutional commitments,” said Jose Lorenzo, GreenStruxure CEO. “Building owners and operators who want to adopt a clean, reliable energy solution need a trusted partner ready to work beside them for the long-term to meet their goals. Our partnership with ClearGen gives our customers added peace of mind that they are backed by best-in-class capital expertise, technology and services.”
Source: T&D World