Ares Management

Ares Management Corporation has acquired a 20% stake in Plenitude, Eni’s energy transition business, for €2 billion, valuing Plenitude at over €12 billion. The investment highlights the growing interest in energy transition companies like Plenitude, which integrates renewable energy generation, energy sales, and EV charging infrastructure across 15 countries. Plenitude aims to reach 10 GW of renewable capacity by 2028. Ares’ investment aligns with its strategy of deploying capital in sectors driven by long-term secular trends, particularly the energy transition.