(AES Argentina, 17.Aug.2023) — On 13 July 2023, AES Argentina GeneraciĂłn S.A. announced the commencement of its offer to exchange any and all of its outstanding 7.750% Senior Notes due 2024 for newly issued 9.50% Notes due 2027 and cash consideration, as applicable, each upon the terms and subject to the conditions […]
Tag: AES Corporation
AES Reports Strong Execution on Strategic Priorities
(AES, 3.Aug.2023) — The AES Corporation (NYSE: AES) reported financial results for the quarter ended June 30, 2023. Highlights: Reaffirms 2023 Guidance and Annualized Growth Rate Targets for All Metrics Strategic Accomplishments Signed new long-term contracts for 2.2 GW of renewables in year-to-date 2023 On track to complete construction of 3.4 GW of […]
AES Outlines Long-Term Strategy for Growth in Renewables & US Utilities
(AES, 8.May.2023) — The AES Corporation (NYSE: AES) outlined its long-term strategy for growth, including substantial growth in renewables and US utilities, and fully exiting coal by year-end 20253. Strategic Highlights Through 2027 — Expect to triple renewables capacity by adding 25 to 30 GW of solar, wind and energy storage — Investing to […]
AES On Track to Meet 2023 Guidance
(AES, 4.May.2023) — The AES Corporation (NYSE: AES) reported financial results for the quarter ended March 31, 2023. Highlights: Strategic Accomplishments On track to complete 2023 construction projects of more than 3 GW of renewables AES Ohio signed a comprehensive settlement for its Electric Security Plan (ESP4), providing the regulatory foundation necessary to […]
AES Delivers on All 2022 Financial and Strategic Objectives
(AES, 27.Feb.2023) — The AES Corporation (NYSE: AES) today reported financial results for the year ended 31 December 2022. “2022 was another record year for AES, one in which we delivered on all of our financial and strategic objectives. We continue to see massive growth in our renewables business, and in 2022, […]
AES Sees FY:22 Adj. EPS at or Near High End of Guidance Range
(AES, 4.Nov.2022) — The AES Corporation (NYSE: AES) today reported financial results for the quarter ended September 30, 2022. “With our strong year-to-date performance, we now expect our full year Adjusted EPS1 to come in at or near the high end of our guidance range of $1.55 to $1.65. Our renewables business continues to grow, and […]
AES Expands Renewable Energy Agreement with Microsoft to California Data Centers
(AES, 5.May.2022) — The AES Corporation (NYSE: AES) today announced a 20-year agreement with Microsoft to provide renewable energy to its data centers in California. The agreement expands upon prior renewable energy agreements between the two companies, with AES supporting Microsoft in its pursuit of its 100/100/0 by 2030 goal. Microsoft, one of the world’s largest purchasers of renewable energy, will […]
AES Increases its Ownership of AES Andes to 98.13%
(AES, 10.Jan.2022) — The AES Corporation (NYSE: AES) announced the positive results of the tender offer by AES’ wholly-owned Chilean subsidiary, Inversiones Cachagua SpA, for the shares of AES Andes S.A. held by minority shareholders. Upon completion, which is expected on or about January 12, 2022, AES will increase its interest in […]
AES Reaffirms 7%-9% Annualized Growth Target Through 2025
(AES, 3.Nov.2021) — The AES Corporation (NYSE: AES) reported financial results for the quarter ended 30 September 2021. Strategic Accomplishments Signed 4 GW of new PPAs for renewable energy projects in year-to-date 2021, increasing the backlog to 9.2 GW Based on year-to-date 2021 progress, increasing full year 2021 target to sign renewables under long-term […]
AES To Retire More Than 1 GW Of Coal In Chile
(AES, 6.Jul.2021) — The AES Corporation (NYSE: AES) signed an agreement with the Government of Chile, represented by Chile’s President Sebastián Piñera, together with Minister of Mines and Energy Juan Carlos Jobet and Minister of the Environment Carolina Schmidt, allowing for the closure of 1,097 MW of coal generation as […]
AES Achieves Key Strategic Milestones
(AES, 6.May.2021) — AES Corporation (NYSE: AES) reported financial results for the quarter ended 31 March 2021. Strategic Accomplishments Signed 1,088 MW of new PPAs for renewables and energy storage, including a 10-year supply agreement with Google for 500 MW of 24/7 carbon-free energy in Virginia Secured a 20-year agreement for 34 TBTU […]
AES Sets Robust Near- And Long-Term Goals
(AES Corp. 3.Mar.2021) — The AES Corporation announced robust near- and long-term goals. “The energy sector is evolving as a result of decarbonization, electrification and digitalization, and AES is uniquely positioned to take advantage of this shift,” said AndrĂ©s Gluski, AES President and Chief Executive Officer. “Over the next five […]
AES To Divest Mong Duong 2 Coal-Fired Plant In Vietnam
(AES, 4.Jan.2021) — The AES Corporation (AES) signed an agreement on 31 December 2020 to sell its entire equity interest in the 1,242 MW Mong Duong 2 coal-fired power plant in Vietnam to a consortium led by a US-based investor. This transaction is expected to close in late 2021 or […]
AES And AIMCo To Form US Renewables Platform
(AES, 17.Nov.2020) — The AES Corporation announced an agreement with Alberta Investment Management Corporation (AIMCo) to merge the sPower development platform, a leading independent solar developer in the US, with AES’ US-based clean energy development business to accelerate the safe, reliable transition to cleaner energy solutions in the country. AES’ […]
AES Attains Second Investment Grade Rating
(AES, 6.Nov.2020) — The AES Corporation reported financial results for the quarter ended 30 September 2020. “I am pleased to announce that we have already achieved two of our top three priorities for 2020 by attaining a second investment grade rating and reducing our coal generation to 29%. With our […]
AES Gener To Speed Up Payments For Two PPAs
(AES Corp., 10.Aug.2020) — AES Corporation’s subsidiary, AES Gener, reached an agreement for the early termination of two tolling agreements (Power Purchase Agreements, PPAs) with the 558 MW Angamos coal-fired plant in Chile. Per this agreement, the PPAs will cease in August 2021. This year, Angamos will receive a payment […]
AES Corp. Reports 2Q:20 Financial Results
(AES, 6.Aug.2020) — The AES Corporation reported financial results for the quarter ended 30 June 2020. Strategic Accomplishments — During the second quarter, agreed to sell 2.0 GW of capacity, reducing generation from coal by 11 percentage points to 34% of total generation and expect to be below 30% by […]
AES Corporation’s 2Q:20 Conference Call
(AES, 6.Aug.2020) — The AES Corporation will host a conference call on Thursday, 6 August 2020 at 9 a.m. Eastern Daylight Time (EDT). Interested parties may listen to the teleconference by dialing 1-888-317-6003 at least ten minutes before the start of the call. International callers should dial +1-412-317-6061. The Conference […]
AES And 5B Pushing Solar Energy Transition
(AES, 30.Jul.2020) — The AES Corporation has made a strategic investment in 5B, a solar technology innovator based in Sydney, Australia. 5B’s revolutionary Maverick design enables customers to add solar resources at a pace that is three times faster while providing up to two times more energy within the same […]
AES Makes Progress On Strategic Objectives
(AES, 7.May.2020) — The AES Corporation reported financial results for the quarter ended 31 March 2020. HIGHLIGHTS Strategic Accomplishments — Completed construction of 1.4 GW of new projects, including the 1.3 GW Southland Repowering project in Southern California — Signed 685 MW of new renewables under long-term PPAs, bringing backlog […]
AES Conference Call Information
(AES, 7.May.2020) — The AES Corporation will host a conference call on Wednesday 7May 2020 at 9:00 a.m. Eastern Daylight Time (EDT). Interested parties may listen to the teleconference by dialing 1-888-317-6003 at least ten minutes before the start of the call. International callers should dial +1-412-317-6061. The Conference ID […]
AES Awarded Panama’s First Gas-Fired Plant
(AES Corporation, 11.Sep.2015) – AES Corporation announced that its subsidiary, Gas Natural Atlantico S. de R.L., won a competitive bid process conducted by the Electric Transmission Company, SA (ETESA), the state’s electric transmission company, to supply 350 MW of new capacity. The project will include the construction of a 350 […]