AES Acquires Main Solar+Storage Undertaking

The AES Corporation, a utility and power era firm, has acquired the two GW Bellefield undertaking, which is presently in late-stage improvement and is the biggest permitted solar-plus-storage undertaking within the United States. 

Located in Kern County, Calif., the place AES1 already has appreciable operations, the undertaking consists of two phases, every with 500 MW of solar and as much as 500 MW of four-hour length battery energy storage. 

Phase one of many Bellefield undertaking has a 15-year power buy settlement (PPA) to ship energy to an present AES company buyer. AES expects to contract as much as a further 1 GW of solar-plus-storage in section two by the top of this yr. Both phases of the undertaking had been developed by the vendor, Avantus, and are anticipated to come back on-line in 2025 and 2026, respectively.

“This significant acquisition accelerates AES’ deployment of unique renewable energy solutions to our key corporate clients in the California market,” says Andrés Gluski, AES president and CEO.

Over the final decade, AES has grown its portfolio of renewable energy tasks, together with 15 GW of put in capability, a 12 GW backlog of tasks with signed long-term contracts (together with section one of many Bellefield undertaking) and a world pipeline of 61 GW.

Alberta Investment Management Corp. (AIMCo) is an investor in AES’ clear energy enterprise within the U.S., with 25% possession of the enterprise’ development tasks.

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