Power generator AES Corp. has acquired US firm Community Energy Solar, LLC, adding a strong pipeline and a skilled development workforce.
AES Clean Energy President Leo Moreno said, “Community Energy has built a top reputation over the last 20 years for its ability to successfully develop renewables projects. The addition of Community Energy and its 10 GW pipeline to AES will complement our efforts to deliver highly innovative products to customers with a strong pipeline that now totals more than 40 GW across the country and an industry-leading development team to advance projects. Together, we'll continue to work towards our vision for a net-zero energy future.”
Community Energy has over 3 GW of solar and storage projects and has developed 100-MW scale projects in seven states.
Community Energy CEO Brent Beerley explained, “Community Energy launched its solar business with a mission to commercialize utility-scale solar and decarbonize the grid, and we delivered by developing about 5% of all utility-scale solar built in US to date. Driven by the urgency of the climate crisis and the need for 10x growth in solar over the next decade, we decided it was time to amplify our impact by joining forces with a world-class partner. AES is the ideal partner for us because of their conviction on climate, their industry-leading innovation and most importantly, their people. Having worked closely with the AES team over the past several years, we have found a deep alignment on values and culture, which was essential to us. I am beyond grateful to our team, our board and AES for this opportunity.”
With the new acquisition, AES will have a renewables portfolio including 4.4 GW of operating assets and 5.7 GW of signed PPAs. This year, under its signed PPAs, AES will deliver 4 GW of renewables in the U.S. alone.
AES owns and operates power generation plants across the world. The portfolio includes coal-fired, gas-fired and renewable energy projects.
