Funds managed by the Infrastructure and Power strategy of Ares Management Corp., are leading a strategic-equity investment of up to $600 million, including capital from potential co-investors, in SB Energy, SoftBank Group Corp.’s U.S. Climate Infrastructure Technology platform.
The Ares-managed funds have committed the majority of the financing, with the balance expected to come from co-investors. This investment brings together two leading technology- and climate-infrastructure investors to drive innovation and the deployment of clean energy at scale.
SB Energy has quickly grown its Climate Infra-Tech platform, with plans to deliver 10 gigawatts of renewable energy and storage projects in operation or under construction by the end of 2025. Since launching in the U.S. market in 2019, the company has completed development, financed, and started construction on nearly 1.7 gigawatts of utility-scale solar projects, of which 1.3 gigawatts now provide clean, reliable ener
