Kirkland & Ellis Advised Ares On Expansion Of Partnership With ENGIE

Kirkland & Ellis advised Ares on expansion of partnership with ENGIE

Kirkland & Ellis advised Ares Management Infrastructure Opportunities funds (Ares) on the expansion of its partnership with ENGIE North America via the addition of a new portfolio of solar and storage assets in the U.S. ENGIE will retain a controlling share in the portfolio and will continue to operate and manage the assets. The overall 0.9 GW portfolio consists of three solar projects in operation across ERCOT and MISO, and one co-located battery storage project in ERCOT. Kirkland had also advised Ares on the initial investment in the partnership in September 2024, which included a 2.7 GW portfolio of U.S. renewables and storage assets.

In connection with the investment, Kirkland advised Ares on securing a new backleveraged first lien credit facility, jointly arranged by MUFG Bank, Ltd. and BNP Paribas.

The team was led by Robert P. Goodin, P.C. (Partner), Daniel Cadis (Partner), Nicolas Lee (Associate), Lucy Li (Associate), Lauren Stelck (Associate), Rohit Chaudhry, P.C. (Partner), Olivia M. George (Partner), William Nicholson (Partner), William Dong, P.C. (Partner), Nicole Dressler Martin (Partner), Michael J. Masri, P.C. (Partner), Sophia Han (Partner), Brittany Nguyen (Associate), Andrew L. Stuyvenberg (Partner), and James Dolphin (Partner).

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