ARES•Ares Management’s infrastructure equity funds took a minority stake in Statera Energy’s operational portfolio of about 1.9 GW of UK storage and flexible generation assets. Financial terms were not disclosed.
Ares Management’s infrastructure equity funds took a significant minority stake in Statera Energy’s operational flexible energy portfolio, which totals about 1.9 GW. Statera retains majority ownership and responsibility for operations and management; the portfolio includes Carrington Storage (680 MW) and Thurrock Flexible Generation (750 MW).
The capital will support Statera’s growth plans, including a 16 GW development pipeline and a target of 7 GW by 2030. The deal is Ares Infrastructure Equity’s first European investment.
