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By Benjamin Cox on February 4, 2021 at 7:23am
A wind project in Morgan County has been purchased by a multi-national corporate investor. Apex Clean Energy announced on Tuesday that Ares Management Corporation, that funds managed by Ares’ Infrastructure and Power strategy, acquired the Lincoln Land Wind Project in Morgan County.
Ares, which was founded in 1997 in Los Angeles, is a multi-billion dollar publicly traded corporation with offices on 3 continents. Ares Private Equity Group works in majority and share-controlled investments principally in under-capitalized middle market companies and manages investments in U.S. power and infrastructure assets in the power generation, transmission, and midstream sectors. It manages approximately $23.3 billion in assets under management through four corporate private equity commingled funds focused on North America.