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Ares Management Establishes Joint Venture With Savion to Invest in U.S. Solar Power Generation

1. Ares Management partners with Savion to form Tango Holdings for solar development. 2. The joint venture aims to enhance solar energy management in the U.S.

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FAQ

Why Bullish?

This partnership positions ARES favorably in the growing renewable energy sector, similar to past joint ventures in creating value.

How important is it?

The establishment of a joint venture enhances ARES's portfolio in a critical growth industry.

Why Long Term?

Investments in renewable energy typically yield benefits over several years, enhancing ARES's growth potential.

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SHEL
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that a fund managed by the Ares Infrastructure Opportunities strategy (the “Ares fund”) and Savion Equity, LLC (“Savion”), a subsidiary of Shell plc, have established Tango Holdings, LLC (“Tango”), a joint venture that will support solar energy development and management in the United States. Founded in 2019, Savion develops large-scale solar and energy.

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