ENGIE NA renewable portfolio — 2.7 GW operating portfolio of 15 projects (53% solar, 25% wind, 22% BESS)
Largest operating portfolio sell-down for ENGIE in the US. Ares acquires minority stake; ENGIE retains controlling interest and continues to operate. Partnership later expanded to 3.7 GW (Mar 2025) and 4.3 GW (Jan 2026). Kirkland & Ellis advised Ares.
2,700MW
Capacity
Solar + Storage
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- ENGIE North America
- Buyer / Financier
- Ares Management
- Deal Value
- Undisclosed
- Stage
- Operating
- ISO/RTO
- ERCOT, MISO, PJM, SPP
- Source
- ENGIE North America
Service Providers
Advisory & Legal
- Buyer Counsel
- Kirkland & Ellis
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Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
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