AES Corporation

company 2 Deals 6 Partners

AES Corporation is a global power company that generates and distributes electricity, actively transforming its portfolio towards sustainable energy. It focuses on developing, owning, and operating a diverse portfolio of generation and distribution businesses, with a strong emphasis on renewables, energy storage, and digital solutions to accelerate the future of energy.

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Founded 1981 8,000 employees

Global Power CompanyDeveloperOperatorInvestor

Strategic Overview

Committed to accelerating the future of energy by transitioning its portfolio to sustainable energy solutions.
Focus on decarbonization through renewables (solar, wind, hydro) and battery energy storage.
Strategic partnerships with major corporate off-takers (e.g., Google, Microsoft, Air Products) for 24/7 carbon-free energy and green hydrogen production.
Leveraging digital technologies and AI to optimize energy management and grid solutions.
Significant pipeline of new renewable energy and energy storage projects globally, particularly in the Americas.

Deal History (2)

EQT and BlackRock's GIP to acquire AES Corporation for $33.4 billion

Seller Utilities Multiple Mar 2, 2026 USD33.4B

Blackrock-led consortium acquires AES Corporation for $10.7 billion

Seller Hybrid Global Mar 3, 2026 USD10.7B

Deal Activity from Public Sources

AES and Air Products Announce Agreement for Renewable Energy to Power Green Hydrogen Production in Texas

Partnership Green Hydrogen, Solar PV, Onshore Wind USA February 2024 with Air Products

AES Announces Commercial Operation of 221 MW Solar and 110 MW Battery Storage Project in Hawaii

Development Solar PV, Battery Storage USA January 2024 331 MW

AES Announces Commercial Operation of 100 MW Solar Project in Chile

Development Solar PV Chile November 2023 100 MW

AES and Microsoft Announce Strategic Alliance to Accelerate AI-Powered Clean Energy Solutions

Partnership Data Center, Solar PV, Onshore Wind, Battery Storage USA October 2023 with Microsoft

Microsoft signs PPA with AES for 1 GW of renewable energy, including solar, wind, and battery storage, in the US.

Ppa Solar PV, Onshore Wind, Battery Storage United States April 2022 1000 MW with Microsoft Corporation

Investment Focus

Technologies

Utilities1

Hybrid1

Geography

Multiple1

Global1

Key People

Andrés Gluski

President and Chief Executive Officer

Stephen Coughlin

Executive Vice President and Chief Financial Officer

Bernerd Da Santos

Executive Vice President and Chief Operating Officer

Track Record

32,000

MW Total

Years Active

Notable projects: Alto Maipo Hydropower (Chile), Southland Energy Storage (California, USA), Fluence Energy (JV with Siemens for battery storage), Davenport Clean Energy Project (Iowa, USA)

Detailed Analysis

Technologies

Solar PVOnshore WindOffshore WindBattery StorageHydropowerNatural GasGreen HydrogenData Center

Sectors

Energy TransitionUtilitiesDigital/Telecom

Geographies

USAChileColombiaMexicoBrazilArgentinaDominican RepublicPanamaEl SalvadorNetherlands

Deal Stage

GreenfieldBrownfieldOperating

Subsidiaries

AES Clean EnergyAES Gener (now AES Andes)AES SouthlandAES IndianaAES OhioAES Puerto Rico

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