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


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.

Safe Harbor Disclosure

This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, those relating to earnings, growth and financial results and future operations. performance. Forward-looking statements are not intended to be guarantees of future results, but rather constitute AES’ current expectations based on reasonable assumptions. The forecast financial information is based on certain important assumptions. These assumptions include, but are not limited to, our expectations regarding accurate projections of future interest rates, commodity prices and foreign currency prices, maintenance of normal levels of operating performance and volume of electricity in our distribution companies and the operational performance of our generation businesses in line with historical levels, as well as the execution of PPAs, the conversion of our backlog and growth investments at normalized investment levels, rates of return consistent with past experience and the COVID-19 pandemic.

Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in AES’ filings with the Securities and Exchange Commission (the “SEC”), including, but not limited to, the risks discussed in 1A: “Factors Statements” and Item 7: “Discussion & Analysis” in AES’s Annual Report on Form 10-K and in subsequent reports filed with the SEC. Readers are encouraged to read AES’ filings for more information. more about the risk factors associated with AES’s business. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless the law requires it.

Any shareholder who wishes to obtain a copy of the company’s 2021 Annual Report on Form 10-K filed February 28, 2022with the SEC may obtain a copy (excluding any attachments) free of charge by sending a request to the Office of the Corporate Secretary, The AES Corporation, 4300 Wilson Boulevard, Arlington, Virginia 22203. Parts may also be requested, but a fee equal to the cost of reproducing them will be charged. A copy of the Annual Report on Form 10-K may be obtained by visiting the company’s website at

Website Disclosure

AES uses its website, including its quarterly updates, as channels for disseminating Company information. The information published by AES through these channels can be considered important. Accordingly, investors should monitor our website, in addition to following AES press releases, quarterly SEC filings, public conference calls and webcasts. In addition, you may automatically receive email alerts and other information about AES when you register your email address by visiting the “Subscribe to Alerts” page on the AES Investors website. Content from the AES website, including its quarterly updates, is not incorporated by reference into this release.



Comments are closed.