05:56 PM EDT, 07/28/2025 (MT Newswires) -- Ares Management ( ARES ) said a fund managed by Ares Infrastructure Opportunities formed a joint venture with Shell's (SHEL) Savion Equity subsidiary to hold stakes in five US solar projects.

The Tango Holdings venture will be 80% owned by the Ares Fund with the rest held by Savion. Tango will manage 496 megawatts of solar projects developed by Savion in Ohio, Kentucky, Oklahoma, and Indiana, Ares Management ( ARES ) said Monday in a statement.

Tango will hold equity interests in Savion's solar projects in Martin County, Kentucky, and Kiowa County, Oklahoma, and three additional projects currently under construction.

Savion will serve as the managing member of Tango with Shell Renewable Asset Management International handling asset management of its projects.

Additional terms of the transaction weren't disclosed.