Ares Management Acquires Stake in Diversified U.S. Energy Portfolio from EDPR

Core Insights - Ares Management Corporation has acquired a 49% stake in a portfolio of assets from EDP Renováveis, with the total estimated enterprise value for 100% of the portfolio being approximately $2.9 billion [1] Company Summary - Ares Management Corporation is a leading global alternative investment manager [1] - EDP Renováveis, S.A. is recognized as a leading global developer, owner, and operator of renewable energy infrastructure [1]