AES Corporation (NYSE: AES) has achieved a significant milestone by completing the minority sell-downs of its businesses in the Dominican Republic and AES Colón in Panama, accumulating proceeds of $338 million. This financial move includes the transactions announced in September, which resulted in proceeds of $179 million after purchase price adjustments, and additional sell-downs in […]
The AES Corporation has announced its acquisition of the 2GW Bellefield solar-plus-storage project, currently in the late-stage development phase, from Avantus (formerly 8minute) for an undisclosed price. The Bellefield project, situated in Kern County, California, holds the distinction of being the largest permitted solar-plus-storage project in the US. This acquisition not only strengthens AES’ presence […]
Global power company AES Corporation said that its fully-owned subsidiary – AES Holdings Brazil (AES Brasil) has signed a deal worth BRL 1.27 billion ($246 million) to acquire an 18.5% stake in AES Tietê from BNDES Participações (BNDESPar). AES Tietê is a Brazilian power utility which has 3.7GW of renewable generation in operation or under […]
US-based electric utility AES Corporation has been given approval by the Vietnamese government to develop the Son My 2 power plant, a 2.2GW combined cycle gas turbine (CCGT) facility to be built in Binh Thuan, Vietnam. Located in the south-central part of Vietnam, the Son My 2 power project will be supported by a 20-year […]
US electric utility AES and its partner Panamanian Inversiones Bahía have inaugurated AES Colon, a 381MW gas-fired power plant and a liquefied natural gas (LNG) receiving terminal in the Colon province in Panama. The combined cycle power plant, and the LNG storage tank and regasification terminal, represent a total investment of $1.15 billion. While the […]