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BRIEF-Engie, Ares Management Partner On Renewables And Storage Assets In The U.S.
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BRIEF-Engie, Ares Management Partner On Renewables And Storage Assets In The U.S.
Sep 12, 2024 9:31 AM

Sept 12 (Reuters) - Engie SA:

* ENTERS A PARTNERSHIP WITH ARES MANAGEMENT FOR A 2.7 GW

PORTFOLIO

OF RENEWABLES AND STORAGE ASSETS IN THE U.S.

* OVERALL 2.7 GW PORTFOLIO CONSISTS OF 15 PROJECTS IN

OPERATION

ACROSS ERCOT, MISO, PJM AND SPP

* TRANSACTION REPRESENTS LARGEST OPERATING PORTFOLIO

SELL

DOWN FOR ENGIE IN U.S. AND IS ONE OF LARGEST SALES COMPLETED IN

RENEWABLES SECTOR BASED ON TOTAL CAPACITY

* WILL RETAIN A CONTROLLING SHARE IN PORTFOLIO AND WILL

CONTINUE

TO OPERATE AND MANAGE ASSETS

* HAS AN ASPIRATION TO ADD 4 GW PER YEAR THROUGH 2025

GLOBALLY

Source text for Workspace:

Further company coverage:

(Gdansk Newsroom)

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