Table of Contents
Table of Contents 3
List of Tables 6
List of Figures 8
The AES Corporation, Power, Deals By Year, 2012 to YTD 2018 9
The AES Corporation, Power Deals By Type, 2012 to YTD 2018 10
The AES Corporation, Power, Deals By Region, 2012 to YTD 2018 11
The AES Corporation, Power, Deals By Sector, 2012 to YTD 2018 12
The AES Corporation, Power, Deals Summary, 2012 to YTD 2018 13
The AES Corporation, Power, Deal Details 18
Asset Purchase 18
AES to Acquire Energetica I Wind Farm in Argentina 18
AES Tiete Energia to Acquire Solar Power Plant in Guaimbe, Brazil Cobra Brasil Servicos, Comunicacoes e Energia for USD206.6 Million 19
AES Tiete Energia Acquires Boa Hora Solar Power Complex in Pernambuco, Brazil from European Energy, Eolica Tecnologia, Solar Tecnologia for USD24 million 20
AES Plans to Acquire Stake in Son My 2 Gas Fired Thermal Power Project in Vietnam from PetroVietnam 21
AES Tiete Energia Acquires Alto Sertao II Wind Farm in Bahia, Brazil from Renova Energia for USD191.6 Million 22
AES Gener to Acquire 40% Stake in Alto Maipo Hydroelectric Project in Chile from Minera Los Pelambres 23
AES Distributed Energy Plans to Acquire SunE Feely 1 Solar Power Plant in Minnesota, US from SunEdison 24
AES Distributed Energy Plans to Acquire SunE Lundell 1 Solar Power Plant in Minnesota, US from SunEdison 25
AES Distributed Energy Plans to Acquire SunE Moore 1 Solar Power Plant in Minnesota, US from SunEdison 26
AES Distributed Energy Plans to Acquire Randolph CSG 1 Solar Power Plant in Minnesota, US from SunEdison 27
AES Distributed Energy Plans to Acquire SunE Stolee 1 Solar Power Plant in Minnesota, US from SunEdison 28
AES Distributed Energy Plans to Acquire SunE Winter 1 Solar Power Plant in Minnesota, US from SunEdison 29
AES Distributed Energy Plans to Acquire Wyoming 2 CSG 1 Solar Power Plant in Minnesota, US from SunEdison 30
Nebras Power, AES and Mitsui to Invest USD50 Million in Solar Power Plant in Jordan 31
AES Tiete Plans to Acquire Power Generation Assets in Brazil 32
AES Panama Plans Project Financing for Acquisition of Estrella Del Mar Barge I Power Plant in Dominican Republic from Barrick Gold 33
AES to Invest USD1.2 Billion in Expansion of Masinloc Coal Fired Power Plant In Philippines 34
AES Gener Acquires 50% Stake in Guacolda Coal Fired Power Plant In Chile from Empresas Copec and Inversiones Ultraterra for USD728 Million 35
City of Indianapolis, General Energy Solutions, and Indianapolis Power & Light Company Invest US$40 Million In Indianapolis International Airport Solar Farm 36
Indianapolis Power & Light Plans To Invest US$600 Million In Thermal Power Plant In Indiana, US 37
AES Gener To Invest US$572 Million In Los Andes Solar Power Project In Antofagasta, Chile 38
AES El Salvador and Corporacion Multi Inversiones Complete Project Financing of USD112 Million for Bosphorus Solar Project in El Salvador 39
AES Completes Project Financing of USD2 Billion for Southland Repowering Project in California, US 40
Gas Natural Atlantico and Costa Norte LNG Terminal Announce Project Financing for AES Colon Project in Panama 41
OPGC And AES Announce Project Financing Of US$1.6 Billion For Expansion Of Ib Valley Thermal Plant In Odisha, India 42
AES Gener And Mitsubishi Announce Project Financing Of US$1 Billion For Cochrane Power Plant In Chile 43
AES Levant Announces Project Financing Of US$270 Million For Al Manakher Power Plant In Jordan 44
AES Completes Project Financing Of US$25.7 Million For Yelvertoft Wind Farm In Northamptonshire, UK 45
The AES Completes Project Financing Of US$30.6 Million For Sixpenny Wood Wind Power Project In Yorkshire, UK 46
Venture Financing 47
Main Street Power Raises Additional US$1.9 Million In Venture Financing 47
Private Equity 48
Actis Completes Acquisition of 56% Stake in AES-Sonel from AES 48
Partnerships 50
AES India Forms Partnership with Mitsubishi to Construct Energy Storage System in Delhi, India 50
Siemens Forms Joint Venture with AES 51
Mitsui Forms Partnership with AES and Nebras Power to Develop Solar Power Plant in Jordan 52
AES Distributed Energy Forms Partnership with ImMODO Energy Services 53
AES Energy Storage to Form Partnership with Mitsubishi 54
Eaton to Form Partnership with AES Energy Storage 55
AES to Form Joint Venture with Grupo Bal 56
Equity Offering 57
AES Completes Secondary Offering of Shares for USD787.9 Million 57
AES Gener Announces Private Placement Of Shares For US$152 Million 59
AES Gener Plans Public Offering Of Shares For US$450 Million 60
Debt Offering 61
AES Raises USD500 Million in Public Offering of 4% Notes Due 2021 61
AES Raises USD500 Million in Public Offering of 4.5% Notes Due 2023 63
AES Raises USD500 Million in Public Offering of 5.125% Notes Due 2027 65
IPALCO Enterprises Prices Private Placement of 3.7% Notes Due 2024 for USD405 Million 67
AES Argentina Generacion Raises USD300 Million in Public Offering of 7.75% Bonds Due 2024 68
AES Raises USD500 Million in Public Offering of 6% Notes Due 2026 69
AES Tiete to Raise USD116.6 Million in Public Offering of Bonds 71
AES Gener Raises USD425 Million in Public Offering of 5% Bonds Due 2025 72
Ipalco Enterprises Raises USD405 Million in Private Placement of 3.45% Notes Due 2020 73
AES Raises USD575 Million in Public Offering Of 5.5% Senior Notes Due 2025 74
Empresa Electrica Angamos Raises USD800 Million in Private Placement of 4.875% Bonds Due 2029 75
AES Gener Raises USD800 Million in Public Offering of 4.875% Bonds Due 2029 76
DPL Raises USD200 Million in Private Placement of 6.75% Notes Due 2019 77
Indianapolis Power & Light Plans to Raise USD130 Million in Public Offering of Bonds Due 2044 78
AES Raises USD775 Million In Public Offering Of Notes Due 2019 79
AES Completes Public Offering Of 5.5% Notes Due 2024 For US$750 Million 80
AES Gener Completes Private Placement Of 8.375% Bonds Due 2073 For US$450 Million 81
AES Completes Public Offering Of 4.875% Notes Due 2023 For US$250 Million 82
AES Completes Public Offering Of 4.875% Notes Due 2023 For US$500 Million 83
Asset Transactions 85
AES Plans to Sell Power Plant in California, US 85
Electricite de France and Andes Mining & Energy Complete Project Financing for Acquisition of Power Generating Assets in Chile from AES Gener 86
Rockland Capital Acquires Kimura Peaker Portfolio in US from AES Ohio Generation 88
Commercial Liability Partners Acquires Walter C Beckjord Coal Fired Power Plant in Ohio, US from Duke Energy, American Electric Power and Dayton Power & Light 89
Dynegy Acquires Remaining Interest in Zimmer Power Project and Miami Fort Power Project in Ohio, US from DPL for USD50 Million 90
Sojitz Acquires 90% Stake in AES Kelanitissa Power Plant in Sri Lanka from AES 91
ALLETE Clean Energy Acquires Armenia Mountain Wind Farm in Pennsylvania, US from AES for USD108 Million 92
Nebras Power Acquires 24% Stake in Al-Manakhir Thermal Power Plant in Jordan from AES 93
Synd Holdco Completes Acquisition of Yelvertoft Wind Farm from AES for USD30 Million 94
Synd Holdco Completes Acquisition of North Rhins Wind Farm from AES for USD40.2 Million 95
Synd Holdco Completes Acquisition of Sixpenny Wood Wind Farm from AES for USD37.5 Million 96
Estrella-Linda to Acquire 8% Interest in AES’ Business in Dominican Republic for USD96 Million 97
SYND Holdco Completes Acquisition of Drone Hill Wind Farm in UK from AES for USD52.3 Million 98
Global Infrastructure Partners Acquires Approximately 49.9% Stake in Guacolda Coal Fired Power Plant from AES Gener for USD728 Million 99
Tata Power Renewable Energy Acquires Wind Farm From AES Saurashtra Windfarms For US$24.2 Million 100
Allete Clean Energy Completes Acquisition Of Three Wind Farms In US From AES For US$27 Million 101
Allete Clean Energy To Acquire Armenia Mountain Wind Energy Project From AES In US 102
GDF Suez To Acquire 14% Stake In Escombreras Power Plant From AES In Spain 103
PPL Generation Completes Acquisition Of AES Ironwood And AES Prescott From AES Corporation For US$302 Million 104
State Grid Plans To Acquire Wind Power Portfolio From AES For US$1.65 Billion 105
Acquisition 106
SMC Global Power Completes Acquisition of 49% Stake in Masinloc Power Partners from Gen Plus for USD850 Million 106
SMC Global Power Completes Acquisition of 51% Stake in Masinloc Power Partners from AES for USD1.05 Billion 107
Generadora Metropolitana Acquires Sociedad Electrica Santiago from AES Gener for USD300 Million 108
AES and Alberta Investment Management Complete Acquisition of sPower from Fir Tree Partners for USD1.6 Billion 109
CPFL Energia Acquires AES Sul from AES 111
IGS Energy Acquires DPL Energy Resources from DPL 113
AES Acquires Main Street Power 114
La Caisse de depot et placement du Quebec Acquires 15% Interest in AES US Investments from AES for USD247 Million 115
Koc Holding and Aygaz to Acquire Remaining 49.62% Joint Venture Interest in AES Entek Elektrik Uretimi from AES for USD125 Million 116
Electricity Generating Public Company Completes Acquisition of 40.95% Interest in Masinloc Power Partners from AES for USD453 Million 117
MS Solar, Main Street Power And National Bank Of Arizona Invest US$100 Million In OneRoof Energy 118
China Three Gorges New Energy To Acquire 49% Stake In Jianghe Rural Electrification Development From AES For US$48 Million 119
The AES Corporation – Key Competitors 120
The AES Corporation – Key Employees 121
The AES Corporation – Locations And Subsidiaries 122
Head Office 122
Other Locations & Subsidiaries 122
Joint Venture 125
Recent Developments 127
May 30, 2018: SRP, AES Launch Arizona’s First Standalone Energy Storage Project To Provide Flexible Peaking Capacity 127
May 08, 2018: AES Advances Its Strategic Transformation and Delivers Strong First Quarter 2018 Results 128
Apr 10, 2018: Panama’s First LNG Terminal To Get Commissioning Cargo Early May 130
Feb 22, 2018: AES Distributed Energy and KIUC break ground on largest hybrid solar and energy storage system in Hawaii 131
Feb 01, 2018: Chile agrees to phase out coal power plants 132
Jan 18, 2018: Jeffrey Ubben Joins AES Board of Directors 133
Dec 05, 2017: Measure Expedites Problem Resolution for Electrical Utilities with New Drone Toolkit for Linemen 134
Nov 12, 2017: President Trump and OPIC President and CEO Present Virginia-based AES Co. Letter of Intent for Energy Project in Vietnam 136
Nov 02, 2017: AES Reports Third Quarter 2017 Financial Results; Reaffirms 2017 Guidance and Long-Term Expectations 137
Oct 09, 2017: AES Provides an Update on Operations in Puerto Rico and the U.S. Virgin Islands, Following Recent Hurricanes 139
Sep 19, 2017: Measure Improves Wind Farm Productivity with New Drone-Based Inspections 140
Sep 10, 2017: US power company wants to invest in gas-fired power project 141
Aug 08, 2017: AES Reports Second Quarter 2017 Financial Results 142
Jul 24, 2017: AES Breaks Ground on Alamitos Energy Center 144
Jul 11, 2017: Siemens and AES Join Forces to Create Fluence, a New Global Energy Storage Technology Company 145
May 08, 2017: AES Reports First Quarter 2017 Financial Results; Reaffirms 2017 Guidance and Long-Term Expectations 146
Apr 19, 2017: California Energy Commission approves to build 844MW Huntington Beach natural-gas plant 148
Mar 15, 2017: Vietnam’s Daklak province signs MoUs for $3.3bn worth solar power projects 149
Feb 27, 2017: AES Achieves 2016 Guidance; Sets Growth Target of 8% to 10% Through 2020 150
Feb 07, 2017: Measure Partners With AES To Deploy Drones At Record Scale For The Energy Industry 152
Jan 10, 2017: AES DE, KIUC plan to build new renewable peaker plant in Hawaii 153
Appendix 154
Methodology 154
About GlobalData 154
Contact Us 154
Disclaimer 154
The AES Corporation, Power, Key Facts, 2017 2
The AES Corporation, Power, Deals Summary, 2012 to YTD 2018 2
The AES Corporation, Power, Deals By Year, 2012 to YTD 2018 9
The AES Corporation, Power Deals By Type, 2012 to YTD 2018 10
The AES Corporation, Power, Deals By Region, 2012 to YTD 2018 11
The AES Corporation, Deals By Sector, 2012 to YTD 2018 12
The AES Corporation, Power, Deals Summary, 2012 to YTD 2018 13
AES to Acquire Energetica I Wind Farm in Argentina 18
AES Tiete Energia to Acquire Solar Power Plant in Guaimbe, Brazil Cobra Brasil Servicos, Comunicacoes e Energia for USD206.6 Million 19
AES Tiete Energia Acquires Boa Hora Solar Power Complex in Pernambuco, Brazil from European Energy, Eolica Tecnologia, Solar Tecnologia for USD24 million 20
AES Plans to Acquire Stake in Son My 2 Gas Fired Thermal Power Project in Vietnam from PetroVietnam 21
AES Tiete Energia Acquires Alto Sertao II Wind Farm in Bahia, Brazil from Renova Energia for USD191.6 Million 22
AES Gener to Acquire 40% Stake in Alto Maipo Hydroelectric Project in Chile from Minera Los Pelambres 23
AES Distributed Energy Plans to Acquire SunE Feely 1 Solar Power Plant in Minnesota, US from SunEdison 24
AES Distributed Energy Plans to Acquire SunE Lundell 1 Solar Power Plant in Minnesota, US from SunEdison 25
AES Distributed Energy Plans to Acquire SunE Moore 1 Solar Power Plant in Minnesota, US from SunEdison 26
AES Distributed Energy Plans to Acquire Randolph CSG 1 Solar Power Plant in Minnesota, US from SunEdison 27
AES Distributed Energy Plans to Acquire SunE Stolee 1 Solar Power Plant in Minnesota, US from SunEdison 28
AES Distributed Energy Plans to Acquire SunE Winter 1 Solar Power Plant in Minnesota, US from SunEdison 29
AES Distributed Energy Plans to Acquire Wyoming 2 CSG 1 Solar Power Plant in Minnesota, US from SunEdison 30
Nebras Power, AES and Mitsui to Invest USD50 Million in Solar Power Plant in Jordan 31
AES Tiete Plans to Acquire Power Generation Assets in Brazil 32
AES Panama Plans Project Financing for Acquisition of Estrella Del Mar Barge I Power Plant in Dominican Republic from Barrick Gold 33
AES to Invest USD1.2 Billion in Expansion of Masinloc Coal Fired Power Plant In Philippines 34
AES Gener Acquires 50% Stake in Guacolda Coal Fired Power Plant In Chile from Empresas Copec and Inversiones Ultraterra for USD728 Million 35
City of Indianapolis, General Energy Solutions, and Indianapolis Power & Light Company Invest US$40 Million In Indianapolis International Airport Solar Farm 36
Indianapolis Power & Light Plans To Invest US$600 Million In Thermal Power Plant In Indiana, US 37
AES Gener To Invest US$572 Million In Los Andes Solar Power Project In Antofagasta, Chile 38
AES El Salvador and Corporacion Multi Inversiones Complete Project Financing of USD112 Million for Bosphorus Solar Project in El Salvador 39
AES Completes Project Financing of USD2 Billion for Southland Repowering Project in California, US 40
Gas Natural Atlantico and Costa Norte LNG Terminal Announce Project Financing for AES Colon Project in Panama 41
OPGC And AES Announce Project Financing Of US$1.6 Billion For Expansion Of Ib Valley Thermal Plant In Odisha, India 42
AES Gener And Mitsubishi Announce Project Financing Of US$1 Billion For Cochrane Power Plant In Chile 43
AES Levant Announces Project Financing Of US$270 Million For Al Manakher Power Plant In Jordan 44
AES Completes Project Financing Of US$25.7 Million For Yelvertoft Wind Farm In Northamptonshire, UK 45
The AES Completes Project Financing Of US$30.6 Million For Sixpenny Wood Wind Power Project In Yorkshire, UK 46
Main Street Power Raises Additional US$1.9 Million In Venture Financing 47
Actis Completes Acquisition of 56% Stake in AES-Sonel from AES 48
AES India Forms Partnership with Mitsubishi to Construct Energy Storage System in Delhi, India 50
Siemens Forms Joint Venture with AES 51
Mitsui Forms Partnership with AES and Nebras Power to Develop Solar Power Plant in Jordan 52
AES Distributed Energy Forms Partnership with ImMODO Energy Services 53
AES Energy Storage to Form Partnership with Mitsubishi 54
Eaton to Form Partnership with AES Energy Storage 55
AES to Form Joint Venture with Grupo Bal 56
AES Completes Secondary Offering of Shares for USD787.9 Million 57
AES Gener Announces Private Placement Of Shares For US$152 Million 59
AES Gener Plans Public Offering Of Shares For US$450 Million 60
AES Raises USD500 Million in Public Offering of 4% Notes Due 2021 61
AES Raises USD500 Million in Public Offering of 4.5% Notes Due 2023 63
AES Raises USD500 Million in Public Offering of 5.125% Notes Due 2027 65
IPALCO Enterprises Prices Private Placement of 3.7% Notes Due 2024 for USD405 Million 67
AES Argentina Generacion Raises USD300 Million in Public Offering of 7.75% Bonds Due 2024 68
AES Raises USD500 Million in Public Offering of 6% Notes Due 2026 69
AES Tiete to Raise USD116.6 Million in Public Offering of Bonds 71
AES Gener Raises USD425 Million in Public Offering of 5% Bonds Due 2025 72
Ipalco Enterprises Raises USD405 Million in Private Placement of 3.45% Notes Due 2020 73
AES Raises USD575 Million in Public Offering Of 5.5% Senior Notes Due 2025 74
Empresa Electrica Angamos Raises USD800 Million in Private Placement of 4.875% Bonds Due 2029 75
AES Gener Raises USD800 Million in Public Offering of 4.875% Bonds Due 2029 76
DPL Raises USD200 Million in Private Placement of 6.75% Notes Due 2019 77
Indianapolis Power & Light Plans to Raise USD130 Million in Public Offering of Bonds Due 2044 78
AES Raises USD775 Million In Public Offering Of Notes Due 2019 79
AES Completes Public Offering Of 5.5% Notes Due 2024 For US$750 Million 80
AES Gener Completes Private Placement Of 8.375% Bonds Due 2073 For US$450 Million 81
AES Completes Public Offering Of 4.875% Notes Due 2023 For US$250 Million 82
AES Completes Public Offering Of 4.875% Notes Due 2023 For US$500 Million 83
AES Plans to Sell Power Plant in California, US 85
Electricite de France and Andes Mining & Energy Complete Project Financing for Acquisition of Power Generating Assets in Chile from AES Gener 86
Rockland Capital Acquires Kimura Peaker Portfolio in US from AES Ohio Generation 88
Commercial Liability Partners Acquires Walter C Beckjord Coal Fired Power Plant in Ohio, US from Duke Energy, American Electric Power and Dayton Power & Light 89
Dynegy Acquires Remaining Interest in Zimmer Power Project and Miami Fort Power Project in Ohio, US from DPL for USD50 Million 90
Sojitz Acquires 90% Stake in AES Kelanitissa Power Plant in Sri Lanka from AES 91
ALLETE Clean Energy Acquires Armenia Mountain Wind Farm in Pennsylvania, US from AES for USD108 Million 92
Nebras Power Acquires 24% Stake in Al-Manakhir Thermal Power Plant in Jordan from AES 93
Synd Holdco Completes Acquisition of Yelvertoft Wind Farm from AES for USD30 Million 94
Synd Holdco Completes Acquisition of North Rhins Wind Farm from AES for USD40.2 Million 95
Synd Holdco Completes Acquisition of Sixpenny Wood Wind Farm from AES for USD37.5 Million 96
Estrella-Linda to Acquire 8% Interest in AES’ Business in Dominican Republic for USD96 Million 97
SYND Holdco Completes Acquisition of Drone Hill Wind Farm in UK from AES for USD52.3 Million 98
Global Infrastructure Partners Acquires Approximately 49.9% Stake in Guacolda Coal Fired Power Plant from AES Gener for USD728 Million 99
Tata Power Renewable Energy Acquires Wind Farm From AES Saurashtra Windfarms For US$24.2 Million 100
Allete Clean Energy Completes Acquisition Of Three Wind Farms In US From AES For US$27 Million 101
Allete Clean Energy To Acquire Armenia Mountain Wind Energy Project From AES In US 102
GDF Suez To Acquire 14% Stake In Escombreras Power Plant From AES In Spain 103
PPL Generation Completes Acquisition Of AES Ironwood And AES Prescott From AES Corporation For US$302 Million 104
State Grid Plans To Acquire Wind Power Portfolio From AES For US$1.65 Billion 105
SMC Global Power Completes Acquisition of 49% Stake in Masinloc Power Partners from Gen Plus for USD850 Million 106
SMC Global Power Completes Acquisition of 51% Stake in Masinloc Power Partners from AES for USD1.05 Billion 107
Generadora Metropolitana Acquires Sociedad Electrica Santiago from AES Gener for USD300 Million 108
AES and Alberta Investment Management Complete Acquisition of sPower from Fir Tree Partners for USD1.6 Billion 109
CPFL Energia Acquires AES Sul from AES 111
IGS Energy Acquires DPL Energy Resources from DPL 113
AES Acquires Main Street Power 114
La Caisse de depot et placement du Quebec Acquires 15% Interest in AES US Investments from AES for USD247 Million 115
Koc Holding and Aygaz to Acquire Remaining 49.62% Joint Venture Interest in AES Entek Elektrik Uretimi from AES for USD125 Million 116
Electricity Generating Public Company Completes Acquisition of 40.95% Interest in Masinloc Power Partners from AES for USD453 Million 117
MS Solar, Main Street Power And National Bank Of Arizona Invest US$100 Million In OneRoof Energy 118
China Three Gorges New Energy To Acquire 49% Stake In Jianghe Rural Electrification Development From AES For US$48 Million 119
The AES Corporation, Key Competitors 120
The AES Corporation, Key Employees 121
The AES Corporation, Subsidiaries 122
The AES Corporation, Joint Venture 125
List of Figures
The AES Corporation, Power, Deals by Type, 2012 to YTD 2018 2
The AES Corporation, Power, Deals By Year, 2012 to YTD 2018 2
The AES Corporation, Power, Deals By Region, 2012 to YTD 2018 2
The AES Corporation, Power, Deals By Sector, 2012 to YTD 2018 2
The AES Corporation, Power, Deals By Year, 2012 to YTD 2018 9
The AES Corporation, Power, Deals by Type, 2012 to YTD 2018 10
The AES Corporation, Power, Deals By Region, 2012 to YTD 2018 11
The AES Corporation, Power, Deals by Sector, 2012 to YTD 2018 12
