ENGIE North America has entered into a partnership with Ares Management’s Infrastructure Opportunities funds, selling a portion of its 2.7 GW renewable energy and battery storage portfolio. This portfolio includes 15 projects spread across US energy markets such as ERCOT, MISO, PJM, and SPP, with 53% solar, 25% wind, and 22% co-located battery storage assets. ENGIE will retain a controlling share in the portfolio and continue to manage and operate the assets. This transaction represents ENGIE’s largest renewable portfolio sale in the US, supporting its strategy of recycling capital while adding a key infrastructure investor to its partnership pool. In addition to this ENGIE also aims to grow its global renewable energy capacity by 4 GW annually through 2025, with North America playing a significant role.
ENGIE partners with Ares for 2.7 GW renewables portfolio across US
The 2.7 GW portfolio of ENGIE and Ares spans across ERCOT, MISO, PJM, and SPP energy markets in the US. (Photo Credit: Pixabay)
India, China, and Indonesia will lead APAC’s 57 GW dc floating solar capacity, achieving 31 GW (DC) combined by 2033. (Image Source: SOLARbytes)
EOS Capital Advisors advised Balanced Rock Power in selling its 25 MW solar project to Standard Solar. (Image Source: Standard Solar)
China Energy Engineering Corporation taps Huasun’s high-efficiency HJT solar modules for its 2024 projects. (Image Source: Huasun)
Saatvik Solar will supply GH2 Solar with bifacial PV modules over a 12-month period beginning January 2025. (Image Source: Saatvik Solar)