ENGIE North America is expanding its partnership with Ares Management’s Infrastructure Opportunities funds through the addition of a nearly 1 gigawatt (GW) clean energy portfolio. ENGIE will retain a controlling stake in the new assets and will continue to oversee operations and management.
The 0.9 GW portfolio includes three operational solar power projects located within the ERCOT and MISO markets, alongside a co-located battery storage facility in ERCOT.
The development strengthens ENGIE’s position in the U.S. renewables sector and aligns with its strategy of asset rotation and capital recycling to fuel further growth in clean energy generation.
“This expansion reflects the strength of our asset portfolio and operational track record in the U.S.,” said Dave Carroll, Chief Renewables Officer and Senior Vice President, ENGIE North America. “It underscores ENGIE’s and Ares’ shared commitment to meeting rising energy demand while scaling clean power infrastructure.”
ENGIE currently has over 11 GW of renewable energy capacity either operational or under construction in the U.S. and Canada. Globally, the company operates 51 GW of renewables and storage, with a target of reaching 95 GW by 2030.
The transaction reinforces ENGIE’s growth strategy in North America, deepening its collaboration with Ares—a leading infrastructure investor—and enabling further investment in renewable capacity.
“We’re pleased to be expanding our relationship with ENGIE through this latest transaction,” said Steve Porto, Partner in Ares’ Infrastructure Opportunities strategy. “We continue to see strong potential in this diversified portfolio and broader infrastructure opportunities in the US market.”
