Ares Management secures 49% ownership in energy portfolio from EDPR

Ares Management Corporation has announced that a fund under its Ares Infrastructure Opportunities strategy (Ares fund) has secured a 49% ownership in a portfolio of assets from EDP Renováveis (EDPR). The total estimated enterprise value for the entire portfolio is approximately $2.9bn. The transaction includes a portfolio of ten assets with a combined capacity of 1,632MW. This comprises 1,030MW of solar, 402MW of wind, and 200MW of storage capacity, spanning four US power markets. All these projects ha ...