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Sb Energy, Softbank Group’s U.S. Renewables Platform, Announces Strategic Equity Investment From Ares Management

Mar 07, 2022•over 3 years ago

Description

SB Energy Global, LLC (“SB Energy”) announced today that funds managed by the Infrastructure and Power strategy of Ares Management Corporation (“Ares”) are leading a strategic equity investment of up to $600 million, including capital from potential co-investors, in SB Energy, SoftBank Group Corp.’s (“SoftBank”) 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.

Company Information

Company

Sb Energy

About

SB Energy is a leading utility scale solar, energy storage, and technology platform backed by SoftBank Group Corp. and funds managed by the Infrastructure and Power strategy of Ares Management Corporation. We develop, construct, and own and operate some of the largest and most technically advanced renewable projects across the United States. SB Energy’s mission is to provide flexible renewable energy at scale, accelerating the global energy transition, and benefiting our planet, customers, communities, and people. For more information, visit SBEnergy.com.