AES completes Hub Andes Solar in Chile
The project features 692 MW of solar generation and 510 MW of battery storage, supporting economic growth and energy security.
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Global energy generation and grid infrastructure company
aes.comLast updated
In short: AES shareholders approved a $10.7 billion acquisition by a GIP-led consortium as the utility faced regulatory scrutiny over rate hikes.
The project features 692 MW of solar generation and 510 MW of battery storage, supporting economic growth and energy security.
The transaction values AES at about $10.7 billion equity and $33.4 billion enterprise value, expected to close in late 2026 or early 2027.
The 55 MW plant strengthens energy security and expands renewable generation, supporting a diversified energy matrix.
It adds 171 MW solar and 171 MW storage to the 692 MW Andes Solar Hub, supplying energy for 800,000 households. AES builds 2 GW more by 2027.
AES is being acquired by BlackRock’s GIP and EQT-led consortium for $15 per share. The deal is expected to close in late 2026 ...
The OCC is now asking for PUCO to reconsider the amount AES owes customers.
The lawsuit by fired utility commissioner Andy Zay could complicate efforts of state regulators to revisit AES Indiana's $71 million rate increase.
The IURC has until Sept. 8 to make a decision on rehearing the AES rate hike. The makeup of the...
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