Strategic equity investment · Climate tech
Ares-managed funds lead up to $600m strategic equity investment in SB Energy
Ares-managed funds committed the majority, with the remaining capital expected from potential co-investors.
SB Energy announced a strategic equity investment of up to $600 million on March 7, 2022, led by funds managed by Ares Management’s Infrastructure and Power strategy. Those funds committed the majority of the financing, with the balance expected from potential co-investors.
The investment supported expansion of the US renewable energy platform’s generation, storage and digital capabilities. SB Energy developed, built and operated utility-scale projects and planned to grow its renewable energy and storage portfolio.
Use of funds
Expand renewable generation, energy storage and digital capabilities
Funding history
Strategic equity investment · This round≤$600M