RENEW Energy Partners has announced that, together with private investment funds managed by Ares Infrastructure and Power (AIP), a strategy of Ares Management Corp., they will acquire a portfolio of contracted energy efficiency and distributed power generation infrastructure projects serving the commercial, industrial and institutional end markets.
The investment will support RENEW’s “energy-efficiency-as-a-service” business, which provides building owners and businesses with a turnkey solution for the design, construction, funding and oversight of energy-efficiency retrofits. The retrofits include lighting, steam, building automation and distributed power generation systems and provide immediate cost savings, as well as environmental and resiliency benefits, to the customer. Energy efficiency upgrades typically represent low-cost and readily deployable solutions to curb electricity usage and emissions from buildings and industrial processes. The industry is benefiting
