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