AES Teams Up with Meta to Provide 650 MW of Solar Power in Texas and Kansas

The AES Corporation (NYSE:AES) announced today that it has signed two long-term Power Purchase Agreements (PPAs) to supply Meta’s data centers with 650 MW of solar energy from projects being developed in the Southwest Power Pool (SPP) region.

The AES Corporation (NYSE:AES) is the largest American global power company, currently operating 32.7 GW of capacity, with an additional 12.3 GW of signed long-term PPAs and a development pipeline totaling 65 GW. Andrés Gluski, AES President and Chief Executive Officer, made the following statement regarding the company's partnership with Meta:

"AES is proud to partner with Meta to deliver reliable and affordable renewable energy that supports their data center growth and ambitious sustainability goals. By providing energy solutions that offer fast time-to-power and low-cost electricity, we continue to be the partner of choice for companies, like Meta, at the forefront of artificial intelligence innovation."

The AES Corporation (NYSE:AES) has secured 10.1 GW of contracts with major global hyperscalers, including 7.7 GW in long-term PPAs aimed at building renewable energy capacity to meet data center power demands. This solidifies AES’s role as a leading energy provider for corporate clients worldwide. AES’s leadership in this area has been recognized by Bloomberg New Energy Finance (BNEF), which has ranked the company as a top clean energy supplier to corporations for the third consecutive year in its 2024 Corporate Energy Market Outlook.

The AES Corporation (NYSE:AES) started investing in wind and solar in 2002. It expanded into distributed solar by acquiring Mainstreet Power in 2015 and bought sPower, the largest US solar developer, in 2017 with AIMCo. In 2021, AES launched a robot to speed up solar construction.

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