Statera Energy Sells Minority Stake in 1.9GW UK Energy Portfolio to Ares
Statera Energy has agreed to sell a significant minority stake in its 1.9-gigawatt United Kingdom energy storage and flexible generation portfolio to funds managed by Ares Infrastructure Equity. Financial details and valuation terms of the deal were not disclosed by the parties involved. Under the terms of the agreement, Statera Energy will retain full ownership control, operation, and daily management of all portfolio assets.
The deal brings institutional backing from a major infrastructure investment firm to Statera Energy's portfolio. Key holdings in the portfolio include the 680-megawatt Carrington Storage asset, which provides battery storage capability, and the 750-megawatt Thurrock Generation facility, designed to support peak energy demand and flexible power needs. The investment provides extra equity capital while allowing Statera Energy to maintain operational control of its operating facilities.
Investors and industry observers will be watching for future financial disclosures or public regulatory filings that may shed light on the valuation of the deal. Attention will also turn to Statera Energy's growth pipeline, which stands at more than 16 gigawatts, to see how quickly the capital partnership helps convert early-stage projects into operational storage and flexible power capacity.
Key points
- Statera Energy sold a significant minority stake in its 1.9GW UK battery storage and flexible generation portfolio to Ares Infrastructure Equity funds.
- Financial terms and valuation details of the transaction were not disclosed.
- Statera Energy retains majority control and will continue operating and managing all portfolio assets.
- The transaction includes key sites such as the 680MW Carrington Storage project and the 750MW Thurrock Generation facility.
- The capital partnership aims to support Statera Energy's broader project pipeline, which exceeds 16GW.
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How we writeDisclaimerQuestions and answers
Who bought a stake in Statera Energy's UK portfolio?
Ares Infrastructure Equity funds purchased a significant minority stake in Statera Energy's 1.9GW UK storage and flexible generation assets.
Will Statera Energy continue to operate its power assets?
Yes. Statera Energy will retain ownership, operation, and daily management of the assets within the portfolio.
What assets are included in Statera Energy's transaction with Ares?
The transaction involves a 1.9GW UK portfolio that includes the 680MW Carrington Storage asset and the 750MW Thurrock Generation facility.