AES - Mergers and acquisitions

Strengthens Position as a Leader in Providing Renewable Energy to Corporate Customers ARLINGTON, Va., June 7, 2023 /PRNewswire/ -- The AES Corporation (NYSE:AES) today announced the acquisition of the 2 GW Bellefield project, which is currently in late-stage development, and is the largest permitted solar-plus-storage project in the United States.  The project, located in Kern County, California, where AES1 already has significant operations, includes two phases, each with 500 MW of solar and up to 500 MW of four-hour duration battery energy storage.  The project represents a significant step in accelerating California's commitment to achieving 100% carbon-free energy by 2045.  This acquisit

ARLINGTON, Va., Dec. 20, 2021 /PRNewswire/ -- The AES Corporation (NYSE:AES) today announced the acquisition of leading US solar developer, Community Energy Solar, LLC (Community Energy). AES has signed PPAs to deliver 4 GW of renewables in the US this year and the acquisition of Community Energy will further bolster the Company's future expansion efforts with a strong pipeline and skilled development workforce. AES has experienced tremendous growth in renewables this year. Together, we'll work towards a net-zero energy future."AES has experienced tremendous growth in renewabl

ARLINGTON, Va., Sept. 14, 2021 /PRNewswire/ -- The AES Corporation (NYSE:AES) today announced the acquisition of a 49.9% stake in AES Colón from Inversiones Bahia, Ltd., increasing its ownership to 100% of AES Colón. AES Colón is comprised of a 381 MW liquid natural gas (LNG)-fired power plant and an 180,000 cubic meter LNG storage and regasification facility. The project came on-line in 2018 and 100% of the output from the generation facility is contracted through 2028. "This transaction reaffirms AES' commitment to Panama and represents a new milestone in the execution of our regional LNG strategy to deliver cleaner, reliable and efficient energy to our clients.  This acquisition will co