AES has closed its equity sale with a wholly owned investment subsidiary of the China Investment Corporation (CIC). The deal raises US$1.58 billion in new capital for the company. CIC acquired 125.5 million shares of AES stock for US$12.60/share in exchange for an approximate 15% stake in the company.

Paul Hanrahan, president and CEO of AES, said, “We are extremely pleased with our new partnership with CIC. Their investment in AES provides a source of capital that allows us to take full advantage of our pipeline of investment projects and to pursue select M&A transactions. Additionally, working with CIC will expand our sources of financing in Asia, where the majority of growth in electricity demand is projected to occur.”

The transaction is subject to various regulatory reviews and has met all regulatory conditions to closing.

Solar Solutions International

28 September 2021

Solar Solutions International is the largest trade show for solar energy in Northwest Europe. Now the solar market has grown up, it's time for the next step. Solar Solutions International displays more than 500 innovations and over 100 practical seminars concerning the latest in energy storage, smart products, and an ever evolving array of solar panels. As an exclusively B2B trade show, Solar Solutions International offers both exhibitors and visitors the chance to network at the highest level. Duurzaam Verwarmd, the largest trade show for sustainable HVAC technology in the Benelux, is held simultaneously. This way your one visit gets you up to date with all of the developments in both sustainable energy and heating.

Intersolar Europe

6 October 2021

Intersolar Europe is the world’s leading exhibition for the solar industry. It takes place as part of The smarter E Europe – the continent’s largest platform for the energy industry. Under the motto “Connecting solar business,” manufacturers, suppliers, distributors, service providers and project planners and developers from around the world meet in Munich every year to discuss the latest developments and trends, explore innovations firsthand and meet potential new customers.

Solar & Storage Finance USA Virtual Summit

6 October 2021

The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.

Intersolar South America

18 October 2021

Intersolar South America, South America’s largest exhibition and conference for the solar industry, takes place at the Expo Center Norte in São Paulo, Brazil on October 18–20, 2021, and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. At the accompanying Intersolar South America Conference, renowned experts shed light on hot topics in the solar industry.

EV World Congress

19 October 2021

This year’s EV World Congress will hold a special role, not only as the first live EverythingEV event in over a year – a chance to renew your connections and re-engage with the EV sector face to face – but also as a chance to share insight and inspiration as world starts to look towards move on post COVID towards hitting ambitious decarbonisation goals in 2030 and beyond. As ever, we will be bringing world leading organisations, cities, and technology providers to the UK to inspire EV innovators, and delve into the challenges facing the sector as the UK looks to revolutionise road transport.

An inverter’s role in delivering high availability and low LCOE for a new era of utility-scale solar

20 October 2021

Utility-scale solar is evolving, shaped by higher power modules and demand for increasingly lower levelised cost of electricity (LCOE). Those trends are also changing project requirements elsewhere, with inverters capable of delivering high power density and power capacity in strong demand. In this webinar, FIMER will detail how its innovative high-power, multi-MPPT string inverter and modular conversion solution can both meet those demands and transform the utility-scale solar sector for the better.

Multi-gigawatt Australian solar-storage Sun Cable project clears further hurdle

September 23, 2021

A project that bids to combine up to 20GW of solar PV with the world’s largest energy storage battery and a 4,200km-long subsea power cable has moved a step forward after Indonesian authorities greenlit its proposed transmission cable route.

Omnidian closes US$33m Series B raise for business expansion

September 23, 2021

US national residential and C&I solar plant performance assessment company Omnidian has completed a US$33 million Series B raise.

Toyota signs VPPA with Clearway Energy Group for 80MW

September 23, 2021

US developer Clearway Energy Group has signed a virtual power purchase agreement (VPPA) with Toyota in North America to supply the company with 80MW of power, accounting for 8% of the company’s regional operations

PV Tech Premium

‘There is a clear market opportunity’: Heliene CEO talks outlook for US solar manufacturing amidst policy overhaul

September 23, 2021

Backed by a new heterojunction module factory in Florida and the expansion of its production plant in Minnesota, solar manufacturer Heliene is looking to take advantage of US policy support to meet increasing demand for American-made PV equipment. Jules Scully discusses the company’s growth plans with CEO Martin Pochtaruk.

Salt River Project and Clēnera sign 20-year solar PPA in Arizona

September 23, 2021

Arizonan utility Salt River Project (SRP) and renewables company Clēnera have signed a 20-year power purchase agreement (PPA) for the CO Bar Solar project that is expected to deliver between 440-480MW of power

Russia allocates 775MW to solar in latest national auction

September 23, 2021

Russian wholesale electricity market administrator JSC ATS has allocated 775MW of solar PV in the country’s eighth auction round for largescale renewables, which had an average price of ₽5.18/kWh (US$0.071/kWh)

Subscribe to Newsletter

Firstname

Lastname

Company

Job Title

Company Activity

Country

Terms & Conditions

I have read & accept Solar Media's Terms of Service and Privacy Policy.

Upcoming Events

Solar & Storage Finance USA Virtual Summit

Solar Media Events

October 6, 2021

EV World Congress

Solar Media Events

October 19, 2021

BRISTOL, UK

An inverter’s role in delivering high availability and low LCOE for a new era of utility-scale solar

Upcoming Webinars

October 20, 2021

3pm (CET)

PV ModuleTech

Solar Media Events

December 1, 2021

AES closes closes transaction with CIC: US$1.58 Billion in new capital

Latest

Multi-gigawatt Australian solar-storage Sun Cable project clears further hurdle

Omnidian closes US$33m Series B raise for business expansion

Toyota signs VPPA with Clearway Energy Group for 80MW

‘There is a clear market opportunity’: Heliene CEO talks outlook for US solar manufacturing amidst policy overhaul

Salt River Project and Clēnera sign 20-year solar PPA in Arizona

Russia allocates 775MW to solar in latest national auction

RES names ex-Vestas, SunPower exec as new CEO

Proposed AD/CVD tariffs would ‘devastate’ US solar sector and put 18GW of projects at risk, DOC told

Invest in off-grid solar to unlock economic growth in Sub-Saharan Africa, says new report

New Mexico solar-storage project advances as utility continues coal-phase out plan

Solar Solutions International

Intersolar Europe

Solar & Storage Finance USA Virtual Summit

Intersolar South America

EV World Congress

An inverter’s role in delivering high availability and low LCOE for a new era of utility-scale solar

Read Next

Multi-gigawatt Australian solar-storage Sun Cable project clears further hurdle

Omnidian closes US$33m Series B raise for business expansion

Toyota signs VPPA with Clearway Energy Group for 80MW

‘There is a clear market opportunity’: Heliene CEO talks outlook for US solar manufacturing amidst policy overhaul

Salt River Project and Clēnera sign 20-year solar PPA in Arizona

Russia allocates 775MW to solar in latest national auction

Subscribe to Newsletter

Most Read

RES names ex-Vestas, SunPower exec as new CEO

Proposed AD/CVD tariffs would ‘devastate’ US solar sector and put 18GW of projects at risk, DOC told

Multi-gigawatt Australian solar-storage Sun Cable project clears further hurdle

Solar deployment to reach 191GW in 2021 but fall far short of 2030 ambitions, BloombergNEF says

‘There is a clear market opportunity’: Heliene CEO talks outlook for US solar manufacturing amidst policy overhaul

Shell launches Energy brand in Brazil, commits to US$570m in spending over next four years

Upcoming Events

Solar & Storage Finance USA Virtual Summit

EV World Congress

An inverter’s role in delivering high availability and low LCOE for a new era of utility-scale solar

PV ModuleTech