Heelstone Energy, a utility-scale solar developer, has received an investment of an undisclosed size by Ares Management Corp.’s Infrastructure and Power (Aip) operation, Kallanish Energy reports.
Concurrent with the investment, Heelstone Energy rebranded to Heelstone Renewable Energy LLC (Hre) and introduced a new logo and website.
“With the flexible capital solutions, deep industry expertise, and support from the Aip team, Hre will continue to expand its development capabilities and reach as a utility-scale solar developer,” stated Will Owens, CEO and board member of Hre.
“We are excited to partner with HRE, a leading utility scale solar developer,” said Keith Derman, partner and co-head of Aip.
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