Table of Contents
Table of Contents 3
List of Tables 6
List of Figures 8
The AES Corporation, Power, Deals By Year, 2011 to YTD 2017 9
The AES Corporation, Power Deals By Type, 2011 to YTD 2017 10
The AES Corporation, Power, Deals By Region, 2011 to YTD 2017 11
The AES Corporation, Power, Deals By Sector, 2011 to YTD 2017 12
The AES Corporation, Power, Deals Summary, 2011 to YTD 2017 13
The AES Corporation, Power, Deal Details 18
Asset Purchase 18
AES Plans to Acquire Stake in Son My 2 Gas Fired Thermal Power Project in Vietnam from PetroVietnam 18
AES Gener to Acquire 40% Stake in Alto Maipo Hydroelectric Project in Chile from Minera Los Pelambres 19
AES Distributed Energy Plans to Acquire SunE Feely 1 Solar Power Plant in Minnesota, US from SunEdison 20
AES Distributed Energy Plans to Acquire SunE Lundell 1 Solar Power Plant in Minnesota, US from SunEdison 21
AES Distributed Energy Plans to Acquire SunE Moore 1 Solar Power Plant in Minnesota, US from SunEdison 22
AES Distributed Energy Plans to Acquire Randolph CSG 1 Solar Power Plant in Minnesota, US from SunEdison 23
AES Distributed Energy Plans to Acquire SunE Stolee 1 Solar Power Plant in Minnesota, US from SunEdison 24
AES Distributed Energy Plans to Acquire SunE Winter 1 Solar Power Plant in Minnesota, US from SunEdison 25
AES Distributed Energy Plans to Acquire Wyoming 2 CSG 1 Solar Power Plant in Minnesota, US from SunEdison 26
Nebras Power, AES and Mitsui to Invest USD50 Million in Solar Power Plant in Jordan 27
AES Tiete Plans to Acquire Power Generation Assets in Brazil 28
AES Panama Plans Project Financing for Acquisition of Estrella Del Mar Barge I Power Plant in Dominican Republic from Barrick Gold 29
AES to Invest USD1.2 Billion in Expansion of Masinloc Coal Fired Power Plant In Philippines 30
AES Gener Acquires 50% Stake in Guacolda Coal Fired Power Plant In Chile from Empresas Copec and Inversiones Ultraterra for USD728 Million 31
City of Indianapolis, General Energy Solutions, and Indianapolis Power & Light Company Invest US$40 Million In Indianapolis International Airport Solar Farm 32
Indianapolis Power & Light Plans To Invest US$600 Million In Thermal Power Plant In Indiana, US 33
AES Solar To Invest US$20 Million In Kalaeloa Home Lands Solar Park In Hawaii, US 34
AES Gener To Invest US$572 Million In Los Andes Solar Power Project In Antofagasta, Chile 35
AES Plans To Invest US$630 Million For Reconstruction Of Redondo Beach Power Plant In California, US 36
AES Invests US$1,729 Million For Coal-Fired Power Plant In Galabovo, Bulgaria 37
Tessera Solar Sells 100% Equity Stake In Imperial Valley Solar Power Project To AES Solar 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
OPGC And AES Announce Project Financing Of US$1.6 Billion For Expansion Of Ib Valley Thermal Plant In Odisha, India 41
AES Gener And Mitsubishi Announce Project Financing Of US$1 Billion For Cochrane Power Plant In Chile 42
8minutenergy Renewables And AES Solar Complete Project Financing Of US$636 Million For Mount Signal Solar Project In California, US 43
AES Solar Completes Project Financing Of US$89 Million For Portfolio Of Solar Power Projects In France 44
AES Levant Announces Project Financing Of US$270 Million For Al Manakher Power Plant In Jordan 45
AES Solar Completes Project Financing Of US$96 Million For Elpida Plant In Italy 46
AES Completes Project Financing Of US$25.7 Million For Yelvertoft Wind Farm In Northamptonshire, UK 47
The AES Completes Project Financing Of US$30.6 Million For Sixpenny Wood Wind Power Project In Yorkshire, UK 48
AES Solar Energy Announces Project Financing Of US$65.2 Million For Solar PV Power Portfolio In Bulgaria 49
AES Kilroot Power Completes Project Financing Of US$59.2 Million For Refinancing Of Kilroot Power Station In UK 50
AES VCM Mong Duong Completes Project Financing of USD1.5 Billion for Mong Duong Coal Fired Power Plant Phase II in Quang Ninh Province, Vietnam 51
AES Solar Completes Project Financing Of US$96 Million For Azimuth Solar PV Portfolio In Italy 52
Main Street Power Completes Project Financing For Solar PV Power Project In Arizona, US 53
AES Corporation Completes Project Financing For Mountain View IV Wind Project In California, US 54
Venture Financing 55
Main Street Power Raises Additional US$1.9 Million In Venture Financing 55
Private Equity 56
Actis Completes Acquisition of 56% Stake in AES-Sonel from AES 56
Partnerships 58
Siemens Enters into Joint Venture With AES to Form Energy Storage Technology Company 58
AES Distributed Energy Forms Partnership with ImMODO Energy Services 59
AES Energy Storage to Form Partnership with Mitsubishi 60
Eaton to Form Partnership with AES Energy Storage 61
Equity Offering 62
AES Completes Secondary Offering of Shares for USD787.9 Million 62
AES Gener Announces Private Placement Of Shares For US$152 Million 64
AES Gener Plans Public Offering Of Shares For US$450 Million 65
Silver Ridge Power Withdraws IPO For US$149.3 Million 66
Debt Offering 67
AES Raises USD500 Million in Public Offering of 5.125% Notes Due 2027 67
IPALCO Enterprises Prices Private Placement of 3.7% Notes Due 2024 for USD405 Million 69
AES Argentina Generacion Raises USD300 Million in Public Offering of 7.75% Bonds Due 2024 70
AES Raises USD500 Million in Public Offering of 6% Notes Due 2026 71
AES Tiete to Raise USD116.6 Million in Public Offering of Bonds 73
AES Gener Raises USD425 Million in Public Offering of 5% Bonds Due 2025 74
Ipalco Enterprises Raises USD405 Million in Private Placement of 3.45% Notes Due 2020 75
AES Raises USD575 Million in Public Offering Of 5.5% Senior Notes Due 2025 76
AES Gener Raises USD800 Million in Public Offering of 4.875% Bonds Due 2029 77
Empresa Electrica Angamos Raises USD800 Million in Private Placement of 4.875% Bonds Due 2029 78
DPL Raises USD200 Million in Private Placement of 6.75% Notes Due 2019 79
Indianapolis Power & Light Plans to Raise USD130 Million in Public Offering of Bonds Due 2044 80
AES Raises USD775 Million In Public Offering Of Notes Due 2019 81
AES Completes Public Offering Of 5.5% Notes Due 2024 For US$750 Million 83
AES Gener Completes Private Placement Of 8.375% Bonds Due 2073 For US$450 Million 84
AES Completes Public Offering Of 4.875% Notes Due 2023 For US$250 Million 85
AES Completes Public Offering Of 4.875% Notes Due 2023 For US$500 Million 86
Indianapolis Power & Light Completes Private Placement Of 4.875% Bonds Due 2041 For US$140 Million 88
AES Completes Private Placement Of 7.25% Senior Notes Due 2021 For US$800 Million 89
AES Completes Private Placement Of 6.5% Senior Notes Due 2016 For US$450 Million 90
AES Corporation Completes Private Placement Of 7.375% Senior Unsecured Notes Due 2021 For US$1,000 Million 91
IPALCO Enterprises Completes Private Placement Of 5% Senior Secured Notes Due 2018 For US$400 Million 92
Asset Transactions 93
Sojitz Acquires 90% Stake in AES Kelanitissa Power Plant in Sri Lanka from AES 93
ALLETE Clean Energy Acquires Armenia Mountain Wind Farm in Pennsylvania, US from AES for USD108 Million 94
Synd Holdco Completes Acquisition of Sixpenny Wood Wind Farm from AES for USD37.5 Million 95
Synd Holdco Completes Acquisition of North Rhins Wind Farm from AES for USD40.2 Million 96
Synd Holdco Completes Acquisition of Yelvertoft Wind Farm from AES for USD30 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
GDF Suez Acquires Additional 56% Interest In AES Energia Cartagena Gas-Fired Power Project From AES For US$229 Million 106
Edison Mission Energy Acquires 50% Stake In Huntington Beach Natural Gas Fired Power Plant From AES Huntington 107
AES To Sell Four Coal Power Plants 108
Acquisition 109
CPFL Energia Acquires AES Sul from AES 109
IGS Energy Acquires DPL Energy Resources from DPL 111
AES Acquires Main Street Power 112
La Caisse de depot et placement du Quebec Acquires 15% Interest in AES US Investments from AES for USD247 Million 113
Koc Holding and Aygaz to Acquire Remaining 49.62% Joint Venture Interest in AES Entek Elektrik Uretimi from AES for USD125 Million 114
Electricity Generating Public Company Completes Acquisition of 40.95% Interest in Masinloc Power Partners from AES for USD453 Million 115
SunEdison Completes Acquisition of 50% Interest in Silver Ridge Power from AES US Solar for USD178.6 Million 116
MS Solar, Main Street Power And National Bank Of Arizona Invest US$100 Million In OneRoof Energy 117
China Three Gorges New Energy To Acquire 49% Stake In Jianghe Rural Electrification Development From AES For US$48 Million 118
AES Acquires DPL For US$4,700 Million 119
POSCO Power Acquires 30% Stake In AES VCM Mong Duong Power 121
China Investment Acquires 19% Stake In AES VCM Mong Duong Power 122
The AES Corporation – Key Competitors 123
The AES Corporation – Key Employees 124
The AES Corporation – Locations And Subsidiaries 125
Head Office 125
Other Locations & Subsidiaries 125
Joint Venture 128
Recent Developments 130
Nov 02, 2017: AES Reports Third Quarter 2017 Financial Results; Reaffirms 2017 Guidance and Long-Term Expectations 130
Oct 09, 2017: AES Provides an Update on Operations in Puerto Rico and the U.S. Virgin Islands, Following Recent Hurricanes 132
Sep 19, 2017: Measure Improves Wind Farm Productivity with New Drone-Based Inspections 133
Sep 10, 2017: US power company wants to invest in gas-fired power project 134
Aug 08, 2017: AES Reports Second Quarter 2017 Financial Results 135
Jul 24, 2017: AES Breaks Ground on Alamitos Energy Center 137
Jul 11, 2017: Siemens and AES Join Forces to Create Fluence, a New Global Energy Storage Technology Company 138
May 08, 2017: AES Reports First Quarter 2017 Financial Results; Reaffirms 2017 Guidance and Long-Term Expectations 139
Mar 15, 2017: Vietnam’s Daklak province signs MoUs for $3.3bn worth solar power projects 141
Feb 27, 2017: AES Achieves 2016 Guidance; Sets Growth Target of 8% to 10% Through 2020 142
Feb 07, 2017: Measure Partners With AES To Deploy Drones At Record Scale For The Energy Industry 144
Nov 07, 2016: AES seeks drones and robotics solutions to improve safety of power plants 145
Nov 04, 2016: AES Reports Strong Year-to-Date Cash Flow and Reaffirms Full-Year 2016 Guidance 146
Aug 05, 2016: AES Reports Strong Cash Results for Second Quarter 2016: Consolidated Net Cash Provided by Operating Activities of $723 Million and Proportional Free Cash Flow of $417 Million 148
Jul 12, 2016: IPL and AES leaders officially open first battery-based energy storage in MISO region 150
May 09, 2016: AES Reports First Quarter 2016 Proportional Free Cash Flow of $253 Million and Adjusted Earnings Per Share of $0.13 151
Apr 27, 2016: AES Announces Settlement of Outstanding Receivables at Maritza in Bulgaria; Reaffirms its Full Year 2016 Guidance 154
Feb 24, 2016: AES Reports 2015 Proportional Free Cash Flow of $1,241 Million and Adjusted EPS of $1.22 155
Feb 17, 2016: AES Advancion Fleet Accelerates Energy Storage Market in Europe 160
Jan 13, 2016: AES Netherlands Advancion Energy Storage Array Now Serving European Grid 161
Appendix 162
Methodology 162
About GlobalData 162
Contact Us 162
Disclaimer 162
The AES Corporation, Power, Key Facts, 2016 2
The AES Corporation, Power, Deals Summary, 2011 to YTD 2017 2
The AES Corporation, Power, Deals By Year, 2011 to YTD 2017 9
The AES Corporation, Power Deals By Type, 2011 to YTD 2017 10
The AES Corporation, Power, Deals By Region, 2011 to YTD 2017 11
The AES Corporation, Deals By Sector, 2011 to YTD 2017 12
The AES Corporation, Power, Deals Summary, 2011 to YTD 2017 13
AES Plans to Acquire Stake in Son My 2 Gas Fired Thermal Power Project in Vietnam from PetroVietnam 18
AES Gener to Acquire 40% Stake in Alto Maipo Hydroelectric Project in Chile from Minera Los Pelambres 19
AES Distributed Energy Plans to Acquire SunE Feely 1 Solar Power Plant in Minnesota, US from SunEdison 20
AES Distributed Energy Plans to Acquire SunE Lundell 1 Solar Power Plant in Minnesota, US from SunEdison 21
AES Distributed Energy Plans to Acquire SunE Moore 1 Solar Power Plant in Minnesota, US from SunEdison 22
AES Distributed Energy Plans to Acquire Randolph CSG 1 Solar Power Plant in Minnesota, US from SunEdison 23
AES Distributed Energy Plans to Acquire SunE Stolee 1 Solar Power Plant in Minnesota, US from SunEdison 24
AES Distributed Energy Plans to Acquire SunE Winter 1 Solar Power Plant in Minnesota, US from SunEdison 25
AES Distributed Energy Plans to Acquire Wyoming 2 CSG 1 Solar Power Plant in Minnesota, US from SunEdison 26
Nebras Power, AES and Mitsui to Invest USD50 Million in Solar Power Plant in Jordan 27
AES Tiete Plans to Acquire Power Generation Assets in Brazil 28
AES Panama Plans Project Financing for Acquisition of Estrella Del Mar Barge I Power Plant in Dominican Republic from Barrick Gold 29
AES to Invest USD1.2 Billion in Expansion of Masinloc Coal Fired Power Plant In Philippines 30
AES Gener Acquires 50% Stake in Guacolda Coal Fired Power Plant In Chile from Empresas Copec and Inversiones Ultraterra for USD728 Million 31
City of Indianapolis, General Energy Solutions, and Indianapolis Power & Light Company Invest US$40 Million In Indianapolis International Airport Solar Farm 32
Indianapolis Power & Light Plans To Invest US$600 Million In Thermal Power Plant In Indiana, US 33
AES Solar To Invest US$20 Million In Kalaeloa Home Lands Solar Park In Hawaii, US 34
AES Gener To Invest US$572 Million In Los Andes Solar Power Project In Antofagasta, Chile 35
AES Plans To Invest US$630 Million For Reconstruction Of Redondo Beach Power Plant In California, US 36
AES Invests US$1,729 Million For Coal-Fired Power Plant In Galabovo, Bulgaria 37
Tessera Solar Sells 100% Equity Stake In Imperial Valley Solar Power Project To AES Solar 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
OPGC And AES Announce Project Financing Of US$1.6 Billion For Expansion Of Ib Valley Thermal Plant In Odisha, India 41
AES Gener And Mitsubishi Announce Project Financing Of US$1 Billion For Cochrane Power Plant In Chile 42
8minutenergy Renewables And AES Solar Complete Project Financing Of US$636 Million For Mount Signal Solar Project In California, US 43
AES Solar Completes Project Financing Of US$89 Million For Portfolio Of Solar Power Projects In France 44
AES Levant Announces Project Financing Of US$270 Million For Al Manakher Power Plant In Jordan 45
AES Solar Completes Project Financing Of US$96 Million For Elpida Plant In Italy 46
AES Completes Project Financing Of US$25.7 Million For Yelvertoft Wind Farm In Northamptonshire, UK 47
The AES Completes Project Financing Of US$30.6 Million For Sixpenny Wood Wind Power Project In Yorkshire, UK 48
AES Solar Energy Announces Project Financing Of US$65.2 Million For Solar PV Power Portfolio In Bulgaria 49
AES Kilroot Power Completes Project Financing Of US$59.2 Million For Refinancing Of Kilroot Power Station In UK 50
AES VCM Mong Duong Completes Project Financing of USD1.5 Billion for Mong Duong Coal Fired Power Plant Phase II in Quang Ninh Province, Vietnam 51
AES Solar Completes Project Financing Of US$96 Million For Azimuth Solar PV Portfolio In Italy 52
Main Street Power Completes Project Financing For Solar PV Power Project In Arizona, US 53
AES Corporation Completes Project Financing For Mountain View IV Wind Project In California, US 54
Main Street Power Raises Additional US$1.9 Million In Venture Financing 55
Actis Completes Acquisition of 56% Stake in AES-Sonel from AES 56
Siemens Enters into Joint Venture With AES to Form Energy Storage Technology Company 58
AES Distributed Energy Forms Partnership with ImMODO Energy Services 59
AES Energy Storage to Form Partnership with Mitsubishi 60
Eaton to Form Partnership with AES Energy Storage 61
AES Completes Secondary Offering of Shares for USD787.9 Million 62
AES Gener Announces Private Placement Of Shares For US$152 Million 64
AES Gener Plans Public Offering Of Shares For US$450 Million 65
Silver Ridge Power Withdraws IPO For US$149.3 Million 66
AES Raises USD500 Million in Public Offering of 5.125% Notes Due 2027 67
IPALCO Enterprises Prices Private Placement of 3.7% Notes Due 2024 for USD405 Million 69
AES Argentina Generacion Raises USD300 Million in Public Offering of 7.75% Bonds Due 2024 70
AES Raises USD500 Million in Public Offering of 6% Notes Due 2026 71
AES Tiete to Raise USD116.6 Million in Public Offering of Bonds 73
AES Gener Raises USD425 Million in Public Offering of 5% Bonds Due 2025 74
Ipalco Enterprises Raises USD405 Million in Private Placement of 3.45% Notes Due 2020 75
AES Raises USD575 Million in Public Offering Of 5.5% Senior Notes Due 2025 76
AES Gener Raises USD800 Million in Public Offering of 4.875% Bonds Due 2029 77
Empresa Electrica Angamos Raises USD800 Million in Private Placement of 4.875% Bonds Due 2029 78
DPL Raises USD200 Million in Private Placement of 6.75% Notes Due 2019 79
Indianapolis Power & Light Plans to Raise USD130 Million in Public Offering of Bonds Due 2044 80
AES Raises USD775 Million In Public Offering Of Notes Due 2019 81
AES Completes Public Offering Of 5.5% Notes Due 2024 For US$750 Million 83
AES Gener Completes Private Placement Of 8.375% Bonds Due 2073 For US$450 Million 84
AES Completes Public Offering Of 4.875% Notes Due 2023 For US$250 Million 85
AES Completes Public Offering Of 4.875% Notes Due 2023 For US$500 Million 86
Indianapolis Power & Light Completes Private Placement Of 4.875% Bonds Due 2041 For US$140 Million 88
AES Completes Private Placement Of 7.25% Senior Notes Due 2021 For US$800 Million 89
AES Completes Private Placement Of 6.5% Senior Notes Due 2016 For US$450 Million 90
AES Corporation Completes Private Placement Of 7.375% Senior Unsecured Notes Due 2021 For US$1,000 Million 91
IPALCO Enterprises Completes Private Placement Of 5% Senior Secured Notes Due 2018 For US$400 Million 92
Sojitz Acquires 90% Stake in AES Kelanitissa Power Plant in Sri Lanka from AES 93
ALLETE Clean Energy Acquires Armenia Mountain Wind Farm in Pennsylvania, US from AES for USD108 Million 94
Synd Holdco Completes Acquisition of Sixpenny Wood Wind Farm from AES for USD37.5 Million 95
Synd Holdco Completes Acquisition of North Rhins Wind Farm from AES for USD40.2 Million 96
Synd Holdco Completes Acquisition of Yelvertoft Wind Farm from AES for USD30 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
GDF Suez Acquires Additional 56% Interest In AES Energia Cartagena Gas-Fired Power Project From AES For US$229 Million 106
Edison Mission Energy Acquires 50% Stake In Huntington Beach Natural Gas Fired Power Plant From AES Huntington 107
AES To Sell Four Coal Power Plants 108
CPFL Energia Acquires AES Sul from AES 109
IGS Energy Acquires DPL Energy Resources from DPL 111
AES Acquires Main Street Power 112
La Caisse de depot et placement du Quebec Acquires 15% Interest in AES US Investments from AES for USD247 Million 113
Koc Holding and Aygaz to Acquire Remaining 49.62% Joint Venture Interest in AES Entek Elektrik Uretimi from AES for USD125 Million 114
Electricity Generating Public Company Completes Acquisition of 40.95% Interest in Masinloc Power Partners from AES for USD453 Million 115
SunEdison Completes Acquisition of 50% Interest in Silver Ridge Power from AES US Solar for USD178.6 Million 116
MS Solar, Main Street Power And National Bank Of Arizona Invest US$100 Million In OneRoof Energy 117
China Three Gorges New Energy To Acquire 49% Stake In Jianghe Rural Electrification Development From AES For US$48 Million 118
AES Acquires DPL For US$4,700 Million 119
POSCO Power Acquires 30% Stake In AES VCM Mong Duong Power 121
China Investment Acquires 19% Stake In AES VCM Mong Duong Power 122
The AES Corporation, Key Competitors 123
The AES Corporation, Key Employees 124
The AES Corporation, Subsidiaries 125
The AES Corporation, Joint Venture 128
