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ENGIE Adds 1 GW Of Solar & Storage To "Sell Down" Portfolio With Ares, Includes Assets In ERCOT
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ENGIE North America (ENGIE) announced that it recently, "expanded its partnership with Ares Management Infrastructure Opportunities funds (Ares) via the addition of a new almost 1 GW portfolio."
Last year, ENGIE announced a partnership with Ares Management Infrastructure Opportunities funds under which ENGIE sold to Ares a non-controlling stake in a 2.7 GW portfolio, with the portfolio consisting of 53% solar, 25% wind, and 22% co-located battery storage capacity.
The latest sale adds about 1 GW to the portfolio with Ares. As with the prior sale, ENGIE will retain a controlling share in the portfolio and will continue to operate and manage the assets, ENGIE said
The latest overall 0.9 GW portfolio consists of three solar projects in operation across ERCOT and MISO, and one co-located battery storage project in ERCOT.
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March 24, 2025
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Copyright 2025 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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