SB Energy — SoftBank Group US renewables platform (10 GW operating/UC target by 2025)
Ares Management leads up to $600M strategic equity investment in SB Energy. SoftBank retains majority. SB Energy targeting 10 GW operating/UC by end-2025. Subsequently developed Orion Solar Belt (1.3 GW, Texas, with Google offtake) — closed January 2025.
$600M
Deal Value
10,000MW
Capacity
Hybrid
Technology
Multi-state
Location
Deal Details
- Deal Type
- Strategic & Growth Capital
- Seller / Sponsor
- SB Energy (SoftBank Group US renewables)
- Buyer / Financier
- Ares Infrastructure & Power
- Deal Value
- Up to $600M
- Stage
- Development
- ISO/RTO
- Multiple
- Source
- BusinessWire / SB Energy
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