Ares Management (Ares) has announced the establishment of a joint venture (JV) named Tango in collaboration with Savion Equity, a subsidiary of Shell.

This JV will oversee 496MW of solar projects developed by Savion across Ohio, Kentucky, Oklahoma and Indiana in the US.

The formation of this partnership is part of Shell’s strategy to develop renewable generation projects selectively and reduce ownership as they mature.

Read more in Power Technology here.

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