**AES Corporation** orchestrated a strategic **partnership with CDPQ** to facilitate AES Ohio's robust growth plans, selling 30% equity interest in AES Ohio for $546M. They also completed constructions of 3.5 GW of **renewables** in 2023, hit record performance the same year, and increased long-term projections. **AI Fund** joined AES to speed up AI-driven energy solutions, demonstrated by a new AI-enabled robot for installing solar panels. **Positive Q1** results were declared, with a fixed-to-fixed rate reset junior subordinated green notes worth $950 million. Remarkably, AES outperformed competitors and remained a cost-effective investment, receiving a 'moderate buy' rating from analysts and continued confidence from investment groups like Bank of Montreal. This trend is fueled by AES's giant pivot to renewables like solar generation and advancements in energy transmission. Amid these successes, thousands still grapple with power trouble in Indiana. The corporation intends to transition further into renewable energy, exploring options like hydrogen and molten salt. Investigations are still ongoing as AES continues to face a lawsuit in Delaware.
Aes Corporation AES News Analytics from Fri, 13 Oct 2023 07:00:00 GMT to Sun, 29 Sep 2024 13:50:10 GMT -
Rating 7
- Innovation 8
- Information 6
- Rumor -3
