Middle River Power Acquires Panoche Energy Center from Ares

Mark Kubow, Chief Executive Officer at Middle River Power

“We continue to add to our portfolio of flexible, reliable, and clean generation assets across the West with the acquisition of Panoche from Ares.”

Mark Kubow, Chief Executive Officer at Middle River Power

“This fully contracted facility adds to our growing footprint across the West, following the additions of the Midway-Sunset facility in Kern County, California, and the Brush facility in Morgan County, Colorado, earlier this year.”

Mark Kubow, Chief Executive Officer at Middle River Power

“We expect to deploy our strategy of hybridizing critical capacity resources so we can continue delivering reliable, affordable, and cleaner energy well into the future, for customers throughout the region.”

Keith Derman, Head of Ares Infrastructure Equity

“Ares is proud to have supported this critical asset since its development twenty years ago, and we're pleased to have worked closely with MRP throughout this process to facilitate a smooth transition and a compelling next chapter for Panoche.”

Keith Derman, Head of Ares Infrastructure Equity

“We believe that Panoche will continue to provide reliable, efficient, and flexible capacity to the California grid.”