Ares, Starwood Energy exit Hudson Transmission Partners

Ares Management LP and Starwood Energy Group Global LLC said Sept. 18 that they have sold their respective interests in Hudson Transmission Partners LLC. Financial terms weren’t announced. Argo Infrastructure Partners LLC was the buyer. PowerBridge LLC will operate and maintain the asset on behalf of Argo Infrastructure and other stakeholders. Hudson Transmission Partners is a joint venture formed solely to develop, construct, operate and maintain Hudson Transmission Project, a 660 MW high voltage direct current electric transmission system connecting the PSEG-North zone of the PJM Interconnection to the New York Independent System Operator Zone J power market via a subsea cable beneath the Hudson River.

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