Ares Buys 80% of $800M Solar and Battery Portfolio from EDPR
ARES sits 31% above its 52-week low of $95.8 on light trading volume (0.4× avg).
Summary
Ares Infrastructure Equity acquired an 80% stake in a 384 MW solar and storage portfolio from EDP Renewables for an enterprise value of about $0.8 billion. The portfolio includes 200 MW of solar and 184 MW of battery storage in California, backed by 20-year contracts. This expands Ares' existing relationship with EDPR, following a 1,632 MW portfolio purchase in 2025. The deal adds contracted, cash-flowing renewable assets to Ares' infrastructure platform, consistent with its strategy of investing in essential assets with durable revenues.
At the time of this announcement, ARES was trading at $125.74 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $28.2B. The 52-week trading range was $95.80 to $186.85. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: EQS.