Engie, Ares Management Partner On Renewables And Storage Assets In The U.S.
Refiles to add additional 3rd bullet point
Sept 12 (Reuters) -Engie SA ENGIE.PA:
ENTERS A PARTNERSHIP WITH ARES MANAGEMENT FOR A 2.7 GW PORTFOLIO OF RENEWABLES AND STORAGE ASSETS IN THE U.S.
OVERALL 2.7 GW PORTFOLIO CONSISTS OF 15 PROJECTS IN OPERATION ACROSS ERCOT, MISO, PJM AND SPP
TRANSACTION REPRESENTS LARGEST OPERATING PORTFOLIO SELL DOWN FOR ENGIE IN U.S. AND IS ONE OF LARGEST SALES COMPLETED IN RENEWABLES SECTOR BASED ON TOTAL CAPACITY
WILL RETAIN A CONTROLLING SHARE IN PORTFOLIO AND WILL CONTINUE TO OPERATE AND MANAGE ASSETS
HAS AN ASPIRATION TO ADD 4 GW PER YEAR THROUGH 2025 GLOBALLY
Source text for Workspace: ID:nGNX7fsZd6
Further company coverage: ENGIE.PA
(Gdansk Newsroom)
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