(RTTNews) - The funds and other accounts managed by Ares' Infrastructure and Power strategy have agreed to acquire a majority stake in Apex Clean Energy. The deal will provide Apex with additional equity growth capital as it seeks to transition to a pure-play renewable energy independent power producer. Apex's current management team will continue to lead the company.
Goodwin, CEO of Apex Clean Energy, said: "The energy transition has never been more urgent. The infusion of growth capital provided by this agreement will allow the company to strengthen its leadership position in U.S. utility-scale clean energy development, operate projects as an IPP, and accelerate strategic expansion into energy storage, distributed energy resources, and green fuels."
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