AES Corp. Acquires Community Energy

Acquisition Expands AES’ Renewable Energy Projects Pipeline By 10 GW

AES Corp. Acquires Community Energy

AES has 4.4 GW of operational solar power capacity. Now with the acquisition of Community Energy Solar, its renewables project portfolio swells by 10 GW. (Illustrative Photo; Photo Credit: Jarama/Shutterstock.com)

  • AES Corporation has acquired utility scale solar and storage project developer Community Energy Solar in the US
  • The acquisition adds to the company’s renewables portfolio 10 GW project pipeline
  • AES says this will boost its future expansion efforts with a strong pipeline and skilled manpower

AES Corporation, an electricity distributor in the US, has expanded its solar energy development portfolio by 10 GW with the acquisition of utility scale solar and storage developer Community Energy Solar, LLC. The latter also deals in community solar in select markets.

According to AES this acquisition will boost its future expansion efforts with a strong pipeline and skilled development workforce.

“The addition of Community Energy and its 10 GW pipeline to AES will complement our efforts to deliver highly innovative products to customers with a strong pipeline that now totals more than 40 GW across the country and an industry-leading development team to advance projects,” said AES Clean Energy President Leo Moreno.

Community Energy has so far developed over 3 GW of solar and storage projects. “Driven by the urgency of the climate crisis and the need for 10x growth in solar over the next decade, we decided it was time to amplify our impact by joining forces with a world-class partner,” added Community Energy CEO, Brent Beerley.

AES counts its US portfolio to comprise 4.4 GW of operational renewables capacity with power purchase agreements (PPA) signed for 5.7 GW. The company aims to close 2021 with 5 GW of renewable energy PPAs while claiming to have 9.2 GW of such PPAs in the backlog which need to come online by 2024 (see North America PV News Snippets).

About The Author

Anu Bhambhani

Senior News Editor: Anu Bhambhani is the Senior News Editor of TaiyangNews. Anu is our solar news whirlwind. At TaiyangNews she covers everything that is of importance in the world of solar power.Before joining our team, Anu worked in various positions at publications of the Times Group in New Delhi. As a Principal Correspondent, she conceptualized special features and supplements for both The Times of India and The Economic Times. While Anu delved deep into solar at TaiyangNews, environment topics have been close to her heart before. As Assistant Editor, she was responsible for launching Planet Earth for The Economic Times, a special series on environment. Before joining the Times Group, Anu was a Copy Editor at the Hindustan Times.Anu holds a Masters degree in Journalism and Mass Communications from the University of Rajasthan. She also studied at the Centre for Science and Environment in New Delhi on E-Outreach: New Media Technologies for Advocacy and Strategic Communication, Social Media

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