ENGIE and Ares Management Enhance Collaboration with New Solar and Storage Assets Portfolio

ENGIE Expands Its Energy Portfolio in Partnership with Ares Management

In an impressive move to enhance its operational footprint in the renewable energy sector, ENGIE North America has announced the expansion of its partnership with Ares Management Infrastructure Opportunities funds. This expansion entails the inclusion of a nearly 1 gigawatt (GW) portfolio consisting primarily of solar projects and battery storage capabilities aimed at bolstering the clean energy infrastructure in the United States.

Strengthening Ties for Greater Impact

On March 24, 2025, ENGIE disclosed that this latest transaction not only reinforces its ongoing collaboration with Ares but also increases the total investment in U.S. generation assets to a notable 3.7 GW. The newly integrated portfolio features three operational solar projects located within the Electric Reliability Council of Texas (ERCOT) and the Midcontinent Independent System Operator (MISO) regions, complemented by a battery storage project situated in ERCOT.

Dave Carroll, ENGIE's Chief Renewables Officer, expressed the significance of this partnership, stating, "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." His comments underline the vital role that collaborative efforts play in addressing the escalating demand for clean energy as the nation transitions towards more sustainable power solutions.

Commitment to Clean Energy

ENGIE's commitment goes beyond mere asset acquisition. It aims to enhance its capacity to support the growing U.S. energy needs while adhering to its sustainability goals. The company's robust renewable production stands at over 11 GW across the U.S. and Canada, with ambitious targets of achieving 95 GW globally by 2030. This aligns perfectly with ENGIE's overarching strategy—investing firmly in North America while reinforcing its relationship with leading infrastructure investors like Ares.

Such strategic investments are crucial as they not only support the energy transition but also facilitate a capital recycling process, allowing ENGIE to concentrate on expanding its renewable generation capabilities efficiently and effectively.

The Future of Infrastructure Investment

Steve Porto, a partner at Ares Management, also spoke on the expanding partnership, reflecting on the confidence both firms share regarding the potential of this diversified portfolio and the opportunities that lie ahead. With over $525 billion in assets under management and a global operational footprint, Ares Management is dedicated to providing effective solutions that foster sustainable growth.

The collaboration highlights the increasing interdependence of infrastructure investment and renewable energy initiatives—a critical facet as communities, governments, and corporations unify their efforts in combating climate change. The partnership is expected to generate substantial returns while catering to the pressing energy demands of the U.S. market.

ENGIE in Context

Located in Houston, Texas, ENGIE North America is part of a larger global entity focused on facilitating the energy transition toward a carbon-neutral economy. With a dedicated workforce of 98,000 across 30 countries, ENGIE operates across the entire energy value chain. Whether through renewable electricity generation, distribution networks, or localized energy infrastructures, the company is avidly pursuing initiatives that contribute to a sustainable future.

ENGIE reportedly invests over $10 billion annually to ensure the continued progress of the energy transition. Their target to achieve net-zero carbon emissions by 2045 further underscores their commitment to sustainable practices and innovations.

Conclusion

The expansion of ENGIE's partnership with Ares Management marks a promising step forward in the U.S. renewable energy sector. By leveraging combined resources and expertise, they stand well-equipped to tackle the escalating energy demands of an increasingly electrified world while contributing significantly to global sustainability goals. This collaboration is not only about enhancing portfolio value but also about laying the groundwork for a greener and more sustainable future for generations to come.

For more details about ENGIE and its renewable energy initiatives in North America, please visit www.engie-na.com or connect with them on LinkedIn.