AES Forms U.S. Solar Buyers Consortium with Leading Solar Companies to Invest More Than $6 Billion in Solar Panels to Expand Domestic Solar Manufacturing

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AES has a significant backlog of solar projects in the United States, including 3.4 GW of new projects coming online from 2022 to 2025, out of a total backlog of 10.3 GW across all geographies and technologies. In 2021, AES signed contracts for 5 GW of power purchase agreements (PPAs) for renewables, including 1.4 GW for solar projects in the United States. AES also secured more deals with enterprise customers than anyone else in the world in 2021, thanks in part to products such as Carbon-free energy 24/7which provides 24-hour renewable energy to customers such as Microsoft, Amazon and Google1. The company has a development pipeline of 59 GW of which 68% is in United States2.

“With our large and growing portfolio of solar projects, AES is fully committed to accelerating America’s transition to clean energy,” said Andrés Gluski, President and CEO of AES. “Today, some of America’s top solar developers have come together to do their part to help attract investment in American solar manufacturing. It’s crucial, however, that the U.S. government create a realistic, long-term policy framework that supports offshoring. of more of our solar panel supply chain without unnecessarily disrupting the growth and success of our industry.”

With the necessary policies in place to facilitate the continued growth and clean energy drive of organizations of all kinds, the solar industry has the potential to provide 40% of the nation’s energy and employ up to 1 .5 million people in high quality jobs by 2035. .

1 According to Bloomberg New Energy Finance
2 Total development pipeline for all technologies at January 2022

About AES

AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we are improving lives by providing the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers in their strategic energy transitions and continuing to meet their energy needs today. For more information, click here.

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SOURCEAES CORP.

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