(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 […]
Tag: Andres Gluski
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 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 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 […]