Ares Management, ENGIE North announces expanded partnership

ENGIE North America announced that it recently expanded its partnership with Ares Management (ARES) Infrastructure Opportunities funds via the addition of a new almost 1 GW portfolio. ENGIE will retain a controlling share in the portfolio and will continue to operate and manage the assets. “The expansion of our relationship with Ares reflects the strength of ENGIE’s portfolio of assets and our track record of delivering, operating and financing growth in the U.S.,” said Dave Carroll, Chief Renewables Officer and SVP, ENGIE North America. “The addition of another almost 1 GW of generation and storage to our existing relationship reflects the commitment both ENGIE and Ares have to meeting growing demand for power in the U.S. and continuing to deploy clean energy.”