ENGIE North America has shaped a collaboration with Ares Administration Infrastructure Alternatives, representing the biggest working portfolio selldown for ENGIE within the U.S.
ENGIE is ready to retain a controlling share within the portfolio and can proceed to function and handle the belongings.
The two.7 GW portfolio consists of 15 tasks in operation throughout ERCOT, MISO, PJM and SPP, of which 53% is photo voltaic, 25% wind and 22% co-located battery storage capability.
“We’re delighted that ENGIE and Ares shall be companions in such a large-scale renewables and co-located storage portfolio to additional speed up the power transition in direction of a internet zero future,” says Dave Carroll, chief renewables officer, ENGIE North America.
“The funding by Ares displays ENGIE’s confirmed and acknowledged observe file in growing, constructing, working and financing renewable belongings, each in North America and globally.”
