The assets consist of three solar projects in operation across the Electric Reliability Council of Texas (ERCOT) and Midcontinent Independent System Operator. (Source: Shutterstock)
ENGIE North America said March 24 it added a 900 megawatts of solar and storage assets from Ares Management Infrastructure to its portfolio, deepening the companies’ partnership.
The assets consist of three solar projects in operation across the Electric Reliability Council of Texas (ERCOT) and Midcontinent Independent System Operator and one co-located battery storage project connected to ERCOT, ENGIE said in a press release.
The addition brings the partnership’s portfolio to 3.7 gigawatts (GW) of investment in U.S. generation, the company said.
ENGIE will retain a controlling share in the portfolio and will continue to operate and manage the assets.
ENGIE currently has over 11 GW of renewable production in operation or construction across the U.S. and Canada. Globally, the company has 51 GW of renewables and storage in operation and is targeting 95 GW by 2030.
"The expansion of our relationship with Ares reflects the strength of ENGIE's portfolio of assets and our track record of delivering, operating and financing growth in the U.S.," said Dave Carroll, chief renewables officer and senior vice president, ENGIE North America. "The addition of another almost 1 GW of generation and storage to our existing relationship reflects the commitment both ENGIE and Ares have to meeting growing demand for power in the U.S. and continuing to deploy clean energy."
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