Ares Management Acquires 49% Stake in $2.9 Billion U.S. Renewable Energy Portfolio from EDPR
Ares Management Corporation has acquired a 49% stake in a diversified U.S. renewable energy portfolio from EDP Renováveis, S.A. The portfolio, valued at approximately $2.9 billion, includes 10 assets with a total capacity of 1,632 MW, featuring solar, wind, and storage projects across four U.S. power markets. All projects are backed by long-term Power Purchase Agreements with an average remaining term of 18 years.
Ares Management Corporation announced that a fund it manages has acquired a 49% stake in a diversified U.S. energy portfolio from EDP Renováveis, S.A. The portfolio includes 10 assets totaling 1,632 MW of capacity, comprising solar, wind, and storage projects across four U.S. power markets. The total enterprise value of the portfolio is approximately $2.9 billion, and all projects have long-term Power Purchase Agreements with an average remaining term of 18 years. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ares Management Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251006433617) on October 06, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
