M&AAnnouncedMarch 14, 2025

ENGIE NA renewable expansion — additional ~1 GW solar and storage portfolio, expanding Ares-ENGIE partnership to 3.7 GW

Second tranche of Ares-ENGIE partnership, expanding from 2.7 GW to 3.7 GW. Nearly 1 GW of solar and storage assets added. ENGIE retains controlling stake.

1,000MW

Capacity

Hybrid

Technology

Multi-state

Location

Deal Details

Deal Type
Platform
Seller / Sponsor
ENGIE North America
Buyer / Financier
Ares Management
Deal Value
Undisclosed
Stage
Operating
ISO/RTO
Multiple

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