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includes a portfolio of ten assets with a combined capacity of 1,632MW.This comprises 1,030MW of solar, 402MW of wind, and 200MW of storage capacity, spanning four US power markets.All these projects have long-term power purchase agreements, with an average remaining contract period of 18 years.Ares Infrastructure Opportunities strategy partner Steve Porto said: “We are excited to be partnering with EDPR on this highly contracted, attractive portfolio.“As we continue to provide capital to support the build-out of high-quality infrastructure assets, this investment presents a compelling opportunity to further diversify Ares’ presence across key domestic power markets and growing energy subsectors.”EDPR North America CEO Sandhya Ganapathy said: “We value the opportunity to partner with Ares on this transaction, which reflects the strength of our platform and the disciplined growth of our business.“This collaboration reinforces our ability to deliver long-term value while expanding our presence in key markets across the United States.”The investment takes the total capacity of power generation assets in which the Ares fund holds interests to about 5.7GW in 11 US states and five power markets since September 2024.EDPR is a renewable energy developer, with a presence in the Europe, Americas, and Asia-Pacific regions.In June, Ares Management Alternative Credit funds agreed with Eni to acquire a 20% interest in Eni’s subsidiary, Plenitude, for €2bn ($2.3bn)."Ares Management secures 49% ownership in energy portfolio from EDPR " was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. 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