Invenergy and HA Sustainable Infrastructure Capital, Inc. (NYSE: HASI) have closed a strategic equity partnership covering a 2.7-gigawatt portfolio of utility-scale solar, solar-plus-battery storage, and wind projects across the United States, according to a press release from the companies.

The portfolio includes 10 projects spread across six major U.S. power markets in seven states: Arizona, New Mexico, Texas, Arkansas, Indiana, Ohio, and New York. More than 850 MW are currently operational, with the remaining capacity expected to come online by the first quarter of 2027. HASI will fund each project as it reaches commercial operation.

Invenergy will retain majority ownership and continue to manage day-to-day operations. All projects are backed by long-term agreements with investment-grade offtakers, including corporate, utility, and public-sector entities.

"The transaction with HASI underscores Invenergy's industry-leading execution abilities and allows us to recycle capital and support the company's long-term growth," said Meghan Schultz, EVP and Chief Financial Officer of Invenergy.

HASI Chief Client Officer Susan Nickey said the investment pairs "Invenergy's development and operating expertise with HASI's long-term capital solutions to support energy infrastructure across the United States."

CIBC Capital Markets advised Invenergy on the transaction. Sidley Austin LLP served as legal counsel to Invenergy, and Baker McKenzie served as legal counsel to HASI.