ENGIE and Ares Partnership Further Expands with Addition of 730 MW Portfolio of New U.S. Solar and Wind Assets

Core Insights - ENGIE North America has expanded its partnership with Ares Infrastructure Opportunities funds by adding a 730 MW portfolio, bringing the total investment in U.S. solar, wind, and storage assets to 4.3 GW [1][3]. Group 1: Partnership and Investment - The new portfolio includes one wind project and two solar projects operating within the ERCOT region of Texas [2]. - The partnership reflects ENGIE's strong asset portfolio and its ability to deliver, operate, and finance growth in the U.S. despite challenging conditions [3]. - ENGIE aims to meet the growing demand for power in the U.S. through this investment, demonstrating a commitment to renewable energy [3][4]. Group 2: Company Overview - ENGIE is a leading developer of renewable energy with over 11 GW of renewable generation and energy storage projects in operation or under construction in the U.S. and Canada [3]. - The company has a global target of reaching 95 GW of renewables and storage by 2030, with 52.7 GW currently in operation worldwide [3]. - ENGIE invests more than $10 billion annually to support the energy transition and aims for net zero carbon by 2045 [6]. Group 3: Ares Management - Ares Management Corporation is a global alternative investment manager with over $595 billion in assets under management as of September 30, 2025 [7]. - The firm focuses on providing flexible capital across various asset classes, including infrastructure, to support long-term goals and create value for investors [7].