Transmission Inside the 20GW Pipeline Shaping U.S. Renewable Energy - Engie North America
Mar 17, 2026
Lolita Carry, Director of Portfolio Strategy at Engie North America, steers a multi-gigawatt renewables and battery pipeline and manages capital allocation across US ISOs. She discusses how Engie prioritizes ERCOT, PJM, MISO and CAISO, the develop-build-operate-recycle model, interconnection and network upgrade risks, capital recycling deals, and why scale and in-house trading shape battery strategies.
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Use Margin Timing And Probability To Prioritise Projects
- Do prioritise projects by expected margin, timing to COD and development probability across the pipeline.
- Engie runs monthly (and daily) portfolio reviews incorporating costs, market price forecasts, offtaker appetite and permitting risk to allocate effort.
Value Comes From All Project Phases
- Value is created across development, construction and operation, not just one phase, because Engie can early-develop or buy late-stage projects.
- Early development avoids premium, while construction and operations enable recycling and platform scale.
Sell Minority Stakes To Multiply Deployment Capacity
- Do sell minority stakes to recycle capital and expand the platform while remaining majority operator.
- Engie's sale of part of a 2.7 GW portfolio freed capital and let Engie keep control and operating responsibility while sharing risk.