Ares Management Invests in Statera Energy's 1.9 GW Flexible Energy Portfolio in the UK
Ares Management Corporation has made a structured capital investment in Statera Energy's 1.9 GW flexible energy portfolio in the UK, comprising battery storage, wind and solar projects at various development stages. Statera retains majority ownership and continues to lead development, with Ares providing capital to accelerate project delivery.
Transaction date: · Source: ir.ares.com
Key facts
- Transaction date
- Technology
- Battery Storage (BESS), Onshore Wind, Solar PV
- Capacity
- 1,900 MW
- Transaction price
- Not disclosed
- Seller
- Statera
- Country
- United Kingdom
- Region
- United Kingdom
- Continent
- Europe
- Development status
- Under Development
- PPA
- n.a.
Technology details
1.9 GW portfolio of flexible energy projects comprising battery energy storage, wind and solar assets across the UK, at various stages of development through to construction. Statera Energy holds a majority stake and continues to lead development. Ares invests structured capital to accelerate portfolio delivery.
Additional information
Ares Management's Infrastructure and Power strategy is providing structured capital to support Statera Energy's 1.9 GW flexible energy portfolio in the UK. Statera Energy retains majority ownership and development leadership. The investment enables Statera to accelerate project delivery across its portfolio of BESS, wind and solar projects. Ares manages approximately $470 billion in assets globally. Transaction structured as a capital investment, not an outright acquisition.
Source
Original announcement: https://ir.ares.com/news/ares-invests-in-19gw-flexible-energy-portfolio-majority-owned-by-statera/19667a0e-97d2-468d-9ad4-feacf8f211a2