Ares Management purchases EDPR assets stake for approximately 2.9 billion dollars

Ares Management Corporation, a leading alternative investment manager, has acquired a minority stake in a portfolio of renewable energy assets from EDP Renewables (EDPR). The transaction is valued at approximately $2.9 billion, marking a significant investment in the renewable energy sector. ## About Ares Management Ares Management offers a diverse range of investment solutions across various asset classes, including credit, private equity, real assets, and secondaries. The company's Real Assets Group manages comprehensive equity and debt strategies across real estate and infrastructure investments, making it a key player in large-scale asset acquisitions. ## Details of the Acquisition The portfolio includes **1,030 MW of solar**, **402 MW of wind**, and **200 MW of storage capacity** across four U.S. states. This acquisition underscores Ares Management's commitment to expanding its presence in renewable energy, aligning with the growing demand for sustainable investments. EDPR, a major global renewable energy company, benefits from this transaction by partnering with a seasoned investor like Ares Management. The deal highlights the increasing interest in renewable energy assets as companies seek to diversify their portfolios and meet environmental goals. ## Impact on Renewable Energy Sector The investment by Ares Management signifies the continued growth and appeal of renewable energy investments. As governments and companies worldwide aim to reduce carbon footprints, deals like these are crucial for advancing green energy projects. For more information on Ares Management and its investment strategies, visit [Ares Management's website](https://www.aresmgmt.com/). To learn more about EDPR and its global renewable energy initiatives, visit [EDPR's website](https://www.edpr.com/).

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