AES acquires developer Community Energy Solar to expand portfolio by 10 GW

Dec. 28, 2021
This year, under its signed PPAs, AES will deliver 4 GW of renewables in the U.S. alone

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.

About the Author

EnergyTech Staff

Rod Walton is senior editor for EnergyTech.com. He has spent 14 years covering the energy industry as a newspaper and trade journalist.

Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

He can be reached at [email protected]

EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.

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