Ares Infrastructure and Power

Rice Acquisition Corp. to Combine Aria Energy and Archaea Energy into the Industry-Leading Renewable Natural Gas Platform

Retrieved on: 
Thursday, April 8, 2021
Alternative energy, Energy, Other Energy, Oil, Gas, Energy, EQT, Rng, Articles, Archaea, Energy industry, Rice Acquisition Corporation, Ares Management Corporation, Ares Infrastructure and Power

Rice Acquisition Corp. (NYSE: RICE) (RAC), a special purpose acquisition company focused on the energy transition sector, today announced an agreement to enter into a business combination with Aria Energy LLC (Aria) and Archaea Energy LLC (Archaea LLC), which will create the industry-leading renewable natural gas (RNG) platform.

Key Points: 
  • Rice Acquisition Corp. (NYSE: RICE) (RAC), a special purpose acquisition company focused on the energy transition sector, today announced an agreement to enter into a business combination with Aria Energy LLC (Aria) and Archaea Energy LLC (Archaea LLC), which will create the industry-leading renewable natural gas (RNG) platform.
  • The combined Company will be named Archaea Energy (the combined Company), with an experienced executive team comprised of leaders from Archaea LLC and Aria.
  • RAC is led by former executives of Rice Energy, which merged with EQT (NYSE: EQT) to become the largest U.S. natural gas producer.
  • Ares Infrastructure and Power (AIP) provides flexible capital across the climate infrastructure, natural gas generation, and energy transportation sectors.

Apex Clean Energy and Ares Management Enter into an Additional Wind Energy Partnership

Retrieved on: 
Tuesday, February 2, 2021
Professional services, Other Energy, Utilities, Alternative energy, Energy, Finance, Ares, Fictional characters, Apex Clean Energy, Ares Management Corporation, Ares Infrastructure and Power

Apex Clean Energy and Ares Management Corporation (NYSE: ARES) (Ares) today announced that funds managed by Ares Infrastructure and Power strategy acquired the Lincoln Land Wind project, located in Morgan County, Illinois, from Apex.

Key Points: 
  • Apex Clean Energy and Ares Management Corporation (NYSE: ARES) (Ares) today announced that funds managed by Ares Infrastructure and Power strategy acquired the Lincoln Land Wind project, located in Morgan County, Illinois, from Apex.
  • Apex led the development of Lincoln Land Wind and Ares finalized preconstruction milestones, including securing turbines, financing (tax equity and debt), and other project contracts.
  • The companies, both considered pioneers in corporate sustainability, will purchase approximately 175 MW and 126 MW, respectively, of clean power from Lincoln Land Wind.
  • Apex Clean Energy develops, constructs, and operates utility-scale wind and solar power facilities across North America.

CS Energy Achieves 1 Gigawatt Installed of Solar Projects

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Wednesday, August 26, 2020
Professional services, Oil, Gas, Alternative energy, Commercial Building & Real Estate, Energy, Finance, Construction & Property, Energy, Energy conversion, Articles, Alternative energy, Solar energy, Renewable energy, Electrochemistry, Solar energy in California, Outline of solar energy, Solar power in Australia, CS Energy, Ares Management Corporation, Ares Infrastructure and Power, The Conti Group

CS Energy, LLC, a leading integrated energy firm that designs and builds optimized projects in the solar, storage and emerging energy industries, announced today that it has reached a major milestone: completing the installation of 1 gigawatt of solar energy projects.

Key Points: 
  • CS Energy, LLC, a leading integrated energy firm that designs and builds optimized projects in the solar, storage and emerging energy industries, announced today that it has reached a major milestone: completing the installation of 1 gigawatt of solar energy projects.
  • View the full release here: https://www.businesswire.com/news/home/20200826005067/en/
    CS Energy Achieves 1 Gigawatt of Solar Installed (Photo: Business Wire)
    The 1 GW achievement puts CS Energy in a distinguished category.
  • CS Energy has completed nearly 200 solar projects across 16 states, in a mix of utility-scale solar projects and energy storage projects.
  • CS Energy is an industry-leading engineering, procurement and construction (EPC) energy firm that designs and builds optimized projects in solar, energy storage, and emerging energy industries.

Ares Management Completes Sale of Aviator Wind – the Largest Single-Phase, Single-Site Wind Project in the U.S.

Retrieved on: 
Thursday, August 6, 2020
Alternative energy, Energy, Professional services, Finance, Ares, Fictional characters, Fiction, Ares Management Corporation, Ares Infrastructure and Power

Ares Management Corporation (NYSE: ARES) (Ares) announced today that funds managed by its Infrastructure and Power strategy have completed the sale of the 525 MW Aviator Wind project, which was owned, constructed and managed by Ares and developed by Apex Clean Energy.

Key Points: 
  • Ares Management Corporation (NYSE: ARES) (Ares) announced today that funds managed by its Infrastructure and Power strategy have completed the sale of the 525 MW Aviator Wind project, which was owned, constructed and managed by Ares and developed by Apex Clean Energy.
  • Located in Coke County, Texas, Aviator Wind is the largest single-phase, single-site wind project in the U.S. Ares secured turbine equipment and O&M services from GE Renewable Energy and extended its relationship with BHE Renewables with a tax equity commitment for the project.
  • In late 2019, Ares and Apex structured and secured renewable power purchase agreements with Facebook and McDonalds to have Aviator Wind support each corporations renewable energy goals.
  • McDonalds partnership with Aviator Wind was the companys first-ever long-term, large-scale virtual power purchase agreement and will utilize 220 MW of the project.

Ares Management, Cyrus, and Keyframe Partner with Wunder Capital to Invest in the U.S. Commercial Solar Market

Retrieved on: 
Tuesday, July 14, 2020
Commercial Building & Real Estate, Utilities, Construction & Property, Finance, Alternative energy, Energy, Banking, Professional services, Ares Management, Wunder, Wunder, Ares Management Corporation, Ares Infrastructure and Power, Cyrus, Keyframe

Wunder Capital (Wunder), the nations leader in commercial and industrial solar financing, today announced it has partnered with funds managed by Ares Management Corporations Infrastructure and Power strategy (AIP), Cyrus Capital Partners (Cyrus), and Keyframe Capital (Keyframe) to provide financing for more than $100 million in commercial solar loans.

Key Points: 
  • Wunder Capital (Wunder), the nations leader in commercial and industrial solar financing, today announced it has partnered with funds managed by Ares Management Corporations Infrastructure and Power strategy (AIP), Cyrus Capital Partners (Cyrus), and Keyframe Capital (Keyframe) to provide financing for more than $100 million in commercial solar loans.
  • Michael Roth, Managing Director of Ares Infrastructure and Power, will join John Rapaport, Chief Investment Officer of Keyframe Capital and Partner at Cyrus Capital, on Wunders Board of Directors.
  • Wunder is a demonstrated leader in the commercial and industrial solar space, and were excited to fund the growth of this important market sector together.
  • Wunder Capital (Wunder) is the nations leader in commercial and industrial solar finance, providing investment institutions with programmatic access to the burgeoning U.S. market.

Ares Infrastructure and Power and IGS Ventures Raise $150 Million for Third Residential Solar Investment Vehicle

Retrieved on: 
Tuesday, June 2, 2020
Banking, Professional services, Finance, Ares Management, Ares, Companies, IGS Energy, Ares Management Corporation, Ares Infrastructure and Power, IGS, ING, U.S. Bancorp Community Development Corporation

Ares Management Corporation (Ares), through funds managed by its Infrastructure and Power strategy and IGS Ventures (IGS together with funds managed by Ares Infrastructure and Power the Sponsors) announced the completion of a $150 million capital raise for IGS Resi Solar III, LLC (Solar III).

Key Points: 
  • Ares Management Corporation (Ares), through funds managed by its Infrastructure and Power strategy and IGS Ventures (IGS together with funds managed by Ares Infrastructure and Power the Sponsors) announced the completion of a $150 million capital raise for IGS Resi Solar III, LLC (Solar III).
  • Solar III constitutes the Sponsors third investment vehicle under their residential solar investment program (the Solar Platform).
  • Together with previous investment vehicles, the Solar Platform has raised nearly $450 million in total capital commitments.
  • We are thrilled to have worked with our leading capital partners to continue building upon the growth opportunity in residential solar, said Andrew Pike, Partner and Co-Head of Ares Infrastructure and Power.

Ares Management and Dimension Renewable Energy Announce Plan to Develop and Build Portfolio of Utility-Scale Battery Energy Storage Projects

Retrieved on: 
Tuesday, February 4, 2020
Professional services, Other Energy, Utilities, Alternative energy, Energy, Finance, Banking, Articles, Renewable energy, Energy, Environmentalism, Bright green environmentalism, Low-carbon economy, Technological change, Energy storage, Draft:Genex Power, Ares Management Corporation, Ares Infrastructure and Power, Dimension Renewable Energy

Ares Management Corporation (NYSE: ARES) and Dimension Renewable Energy announced today that Ares Infrastructure and Power is partnering with Dimension Renewable Energy on a portfolio of utility-scale battery energy storage projects located in New York State that are currently under development by Dimension.

Key Points: 
  • Ares Management Corporation (NYSE: ARES) and Dimension Renewable Energy announced today that Ares Infrastructure and Power is partnering with Dimension Renewable Energy on a portfolio of utility-scale battery energy storage projects located in New York State that are currently under development by Dimension.
  • Upon completion of certain development milestones, funds managed by Ares Infrastructure and Power will acquire and construct the projects.
  • Dimension Renewable Energy was founded in 2018 by leaders in the solar and energy storage industry.
  • Dimensions first tranche of projects, comprised of solar and solar + storage projects in NY and battery energy storage systems in CA, will start construction in 2020.

McDonald’s, Apex, and Ares Announce Restaurant Company’s First-Ever Large-Scale U.S. Virtual Renewable Power Purchase Agreement

Retrieved on: 
Thursday, November 7, 2019
Environment, Construction & Property, Utilities, Alternative energy, Energy, Restaurant, Bar, Food, Beverage, Retail, Other Construction & Property, Renewable energy policy, Power purchase agreement, Pricing, Articles, Apex Clean Energy, Ares Management Corporation, Ares Infrastructure and Power, McDonald’s USA

McDonalds, Apex Clean Energy, and Ares Management Corporations (NYSE: ARES) Infrastructure and Power strategy, today announced a 220 MW virtual renewable power purchase agreement (PPA) between McDonalds (NYSE: MCD) and Aviator Wind West, a portion of the Aviator Wind project located in Coke County, Texas.

Key Points: 
  • McDonalds, Apex Clean Energy, and Ares Management Corporations (NYSE: ARES) Infrastructure and Power strategy, today announced a 220 MW virtual renewable power purchase agreement (PPA) between McDonalds (NYSE: MCD) and Aviator Wind West, a portion of the Aviator Wind project located in Coke County, Texas.
  • The agreement with Aviator Wind West, together with a virtual solar power purchase agreement, positions McDonalds to add more renewable energy to the grid than any other U.S. restaurant company to date.
  • The energy generated for the virtual power purchase agreement will be equivalent to 1,300 McDonalds restaurants' worth of electricity.
  • Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager operating three integrated businesses across Credit, Private Equity and Real Estate.

Ares Management Corporation Sells Ownership Interest in Meade Pipeline to NextEra Energy Partners

Retrieved on: 
Tuesday, October 22, 2019
Oil, Gas, Energy, Other Construction & Property, Construction & Property, Other Energy, Fictional characters, Fiction, Elements of fiction, Ares Management, Ares, Shuttle-Derived Launch Vehicle, Ares Management Corporation, Ares Infrastructure and Power

Ares Management Corporation (NYSE: ARES) (Ares) announced today that a fund managed by its Infrastructure and Power strategy has signed a definitive agreement to sell its 22.5 percent ownership interest in Meade Pipeline Co LLC ("Meade") to a subsidiary of NextEra Energy Partners, LP (NYSE: NEP) for approximately $286 million.

Key Points: 
  • Ares Management Corporation (NYSE: ARES) (Ares) announced today that a fund managed by its Infrastructure and Power strategy has signed a definitive agreement to sell its 22.5 percent ownership interest in Meade Pipeline Co LLC ("Meade") to a subsidiary of NextEra Energy Partners, LP (NYSE: NEP) for approximately $286 million.
  • Meade owns approximately 39 percent of the Central Penn Line (Central Penn), a FERC-regulated, 185-mile pipeline that originates in Susquehanna County, Pennsylvania, and extends to Lancaster County, Pennsylvania.
  • Our Meade Pipeline investment demonstrates Ares investment strategy to partner in the development of critical infrastructure assets, bring them online and ultimately create value for our fund investors, said Keith Derman, Partner of Ares and Co-Head of Ares Infrastructure and Power.
  • Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager operating three integrated businesses across Credit, Private Equity and Real Estate.

Ares Management and Apex Clean Energy Announce Aviator Wind East’s Renewable Power Purchase Agreement With Facebook

Retrieved on: 
Tuesday, September 3, 2019
Finance, Alternative energy, Energy, Professional services, Ares Management Corporation, Ares Infrastructure and Power

Ares Management Corporations (NYSE: ARES) Infrastructure and Power strategy and Apex Clean Energy announced today that Aviator Wind East, an approximately 200 MW portion of the 525 MW Aviator Wind project located in Coke County, Texas, has executed a renewable power purchase agreement with Facebook.

Key Points: 
  • Ares Management Corporations (NYSE: ARES) Infrastructure and Power strategy and Apex Clean Energy announced today that Aviator Wind East, an approximately 200 MW portion of the 525 MW Aviator Wind project located in Coke County, Texas, has executed a renewable power purchase agreement with Facebook.
  • Aviator Wind will be the largest single-phase wind project in ERCOT and the largest single-phase, single-site wind project in the United States.
  • View the full release here: https://www.businesswire.com/news/home/20190903005418/en/
    Aviator Wind, developed by Apex and owned by funds managed by Ares Infrastructure and Power, demonstrates the significance of corporate leadership in facilitating clean energy solutions at scale.
  • We are excited to partner with Facebook to help it achieve its long-term renewable energy goal, said Keith Derman, Co-Head of Ares Infrastructure and Power.