~900 MW solar + co-located BESS portfolio: 3 solar projects in ERCOT and MISO + 1 standalone BESS in ERCOT
ENGIE expands capital recycling partnership with Ares Management Infrastructure Opportunities funds. Ares acquires minority stakes in ~900 MW portfolio. ENGIE retains operating control and uses recycled capital to fund continued US expansion (targets 11 GW operating + construction by year-end 2025).
900MW
Capacity
Solar + Storage
Technology
IL, MO, TX
Location
Deal Details
- Deal Type
- Project & Portfolio M&A
- Seller / Sponsor
- ENGIE North America
- Buyer / Financier
- Ares Management Infrastructure Opportunities
- Deal Value
- Undisclosed
- Stage
- Mixed (Construction + Operating)
- ISO/RTO
- ERCOT, MISO
- Source
- ENGIE North America
Related Deals
ITC transfer from solar and battery storage projects (operational starting 2024)
ENGIE North America → Schneider Electric
Portfolio of 6 recently commissioned renewable projects — 950 MW solar + 353 MW wind (1.3 GW total) across ERCOT, MISO, and SPP
ENGIE North America → J.P. Morgan, Goldman Sachs, BNP Paribas
$1B+
Sypert Branch Solar Project — 260 MW solar facility in Milam County, Texas
ENGIE North America → Meta
260 MW
Enel Green Power NA geothermal and solar portfolio — Cove Fort (UT), Stillwater & Salt Wells (NV), solar assets (CT)
Enel Green Power North America → Ormat Technologies
$271M
STX Midstream — South Texas natural gas pipeline assets (NET Mexico pipeline 90% interest, Dos Caminos 50% interest)
NextEra Energy Partners → Kinder Morgan
$1.815B
Triple Oak Power — 8 GW onshore wind development platform focused on central and western US markets
EnCap Investments → Energy Capital Partners
$500M-$750M
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.