Engie North America Closes Partnership With Ares Management, Selling Largest U.S. Operating Portfolio While Retaining Controlling Stake
Portfolio Pulse from Benzinga Newsdesk
Engie North America has partnered with Ares Management to sell its largest U.S. operating portfolio, which includes 15 renewable projects. Engie retains a controlling stake in the 2.7 GW portfolio, which is composed of solar, wind, and battery storage capacities.
September 12, 2024 | 4:01 pm
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Ares Management has entered a partnership with Engie North America, acquiring a significant portion of Engie's largest U.S. renewable portfolio. This move could enhance Ares' position in the renewable energy sector.
The partnership with Engie North America to acquire a stake in a large renewable portfolio is likely to positively impact Ares Management by expanding its assets in the growing renewable energy sector.
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