AES and AIMCo create a 12 GW renewable JV in the United States

19 Nov 2020

The US energy group AES Corporation has reached an agreement with the Canadian institutional investor Alberta Investment Management Corporation (AIMco) to merge AES's US-based clean energy development business with the infrastructure platform and solar project developer sPower. sPower was set up in 2017 as a partnership between AES and AIMco. The new entity will be owned by AES (75%) and by AIMCo (25%) and will have a 12 GW pipeline of renewable projects under development. The transaction is subject to customary closing conditions.

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