Engie North America has acquired a portfolio of distributed solar projects from developer Prospect14.
The deal includes 22 net energy metered (NEM) solar PV projects in Pennsylvania, totalling over 70MW of capacity. Kristen Fornes, head of distributed solar and storage at Engie North America, said the projects support both the company’s goals and the state’s energy transition.
“These projects align with the company’s mission to deliver locally sourced energy while supporting Pennsylvania’s transition to a more resilient and decarbonised energy system,” she said.
Prospect14, based in Ardmore, Pennsylvania, was founded in 2018 as Glidepath Ventures and rebranded in 2020. Since then, the company has overseen several large-scale transactions.
In 2020, Prospect14 sold a 278MW, 12-project portfolio to Grasshopper Solar and another four projects, totalling 887MW, to an unnamed independent power producer.
All projects were located in Pennsylvania, although the value of the Grasshopper deal was not disclosed.
Another notable transaction involved CleanChoice Energy acquiring the 29.42MW Kylertown solar project, spanning 150 acres.
Engie North America’s total installed renewables and energy storage capacity reached 51.6GW by the end of March 2025. Its parent company also recently expanded operations in Chile, where it is building its first solar-plus-storage facility in the country’s Metropolitan Region.
The 151MW project is backed by a $130m investment and is scheduled to begin commercial operation in Q3 2026.
