AES and Meta Sign Long-Term PPAs to Deliver 650 MW of Solar Capacity in Texas and Kansas
AES Corporation (NYSE: AES) has signed two significant long-term Power Purchase Agreements (PPAs) with Meta to provide 650 MW of solar capacity from projects in Texas and Kansas. These solar projects will power Meta's data centers in the Southwest Power Pool (SPP) market. The projects will create hundreds of construction jobs and generate millions in tax revenue for local communities.
AES, the largest US-based global power company, operates 32.7 GW of capacity, with a 12.3 GW backlog of signed PPAs and a 65 GW pipeline. The company has now secured 10.1 GW of arrangements with major hyperscalers, including 7.7 GW of long-term PPAs for renewable capacity. Bloomberg New Energy Finance ranked AES as a top clean energy provider to corporations for the third consecutive year.
AES Corporation (NYSE: AES) ha firmato due importanti contratti di acquisto di energia a lungo termine (PPA) con Meta per fornire 650 MW di capacità solare proveniente da progetti in Texas e Kansas. Questi impianti solari alimenteranno i data center di Meta nel mercato Southwest Power Pool (SPP). I progetti creeranno centinaia di posti di lavoro nel settore delle costruzioni e genereranno milioni di entrate fiscali per le comunità locali.
AES, la più grande azienda energetica globale con sede negli Stati Uniti, gestisce una capacità di 32,7 GW, con un portafoglio di contratti firmati (backlog) di 12,3 GW e un pipeline di 65 GW. L'azienda ha ora assicurato 10,1 GW di accordi con grandi hyperscaler, inclusi 7,7 GW di PPA a lungo termine per capacità rinnovabile. Bloomberg New Energy Finance ha classificato AES come uno dei principali fornitori di energia pulita per le aziende per il terzo anno consecutivo.
AES Corporation (NYSE: AES) ha firmado dos importantes Acuerdos de Compra de Energía a Largo Plazo (PPA) con Meta para proporcionar 650 MW de capacidad solar de proyectos en Texas y Kansas. Estos proyectos solares abastecerán los centros de datos de Meta en el mercado Southwest Power Pool (SPP). Los proyectos generarán cientos de empleos en construcción y millones en ingresos fiscales para las comunidades locales.
AES, la mayor compañía energética global con sede en EE.UU., opera una capacidad de 32,7 GW, con un backlog de contratos firmados de 12,3 GW y una cartera de proyectos (pipeline) de 65 GW. La empresa ha asegurado ahora 10,1 GW de acuerdos con grandes hyperscalers, incluidos 7,7 GW de PPA a largo plazo para capacidad renovable. Bloomberg New Energy Finance ha clasificado a AES como uno de los principales proveedores de energía limpia para empresas por tercer año consecutivo.
AES Corporation (NYSE: AES)는 Meta와 텍사스와 캔자스의 프로젝트에서 650MW 태양광 용량을 공급하는 두 건의 장기 전력 구매 계약(PPA)을 체결했습니다. 이 태양광 프로젝트들은 Southwest Power Pool(SPP) 시장 내 Meta의 데이터 센터에 전력을 공급할 예정입니다. 이 프로젝트들은 수백 개의 건설 일자리를 창출하고 지역 사회에 수백만 달러의 세수도 발생시킬 것입니다.
미국 기반 최대 글로벌 전력 회사인 AES는 32.7GW의 용량을 운영 중이며, 12.3GW의 계약 잔고(backlog)와 65GW의 파이프라인을 보유하고 있습니다. 회사는 주요 하이퍼스케일러들과 총 10.1GW의 계약을 확보했으며, 이 중 7.7GW는 재생 가능 용량에 대한 장기 PPA입니다. Bloomberg New Energy Finance는 AES를 3년 연속 기업에 청정 에너지를 공급하는 상위 기업으로 선정했습니다.
AES Corporation (NYSE: AES) a signé deux accords d'achat d'électricité à long terme (PPA) importants avec Meta pour fournir 650 MW de capacité solaire provenant de projets au Texas et au Kansas. Ces projets solaires alimenteront les centres de données de Meta sur le marché Southwest Power Pool (SPP). Les projets créeront des centaines d'emplois dans la construction et généreront des millions de dollars de recettes fiscales pour les communautés locales.
AES, la plus grande entreprise mondiale d'énergie basée aux États-Unis, exploite une capacité de 32,7 GW, avec un carnet de commandes de 12,3 GW et un pipeline de 65 GW. La société a désormais sécurisé 10,1 GW d'accords avec les principaux hyperscalers, dont 7,7 GW de PPA à long terme pour des capacités renouvelables. Bloomberg New Energy Finance a classé AES comme un fournisseur majeur d'énergie propre aux entreprises pour la troisième année consécutive.
AES Corporation (NYSE: AES) hat zwei bedeutende langfristige Stromabnahmeverträge (PPAs) mit Meta unterzeichnet, um 650 MW Solarleistung aus Projekten in Texas und Kansas bereitzustellen. Diese Solarprojekte werden die Rechenzentren von Meta im Southwest Power Pool (SPP) Markt mit Strom versorgen. Die Projekte schaffen hunderte Arbeitsplätze im Baugewerbe und generieren Millionen an Steuereinnahmen für die lokalen Gemeinden.
AES, das größte global agierende Energieunternehmen mit Sitz in den USA, betreibt eine Kapazität von 32,7 GW, verfügt über einen Auftragsbestand von 12,3 GW und eine Pipeline von 65 GW. Das Unternehmen hat nun 10,1 GW Vereinbarungen mit großen Hyperscalern gesichert, darunter 7,7 GW langfristige PPAs für erneuerbare Kapazitäten. Bloomberg New Energy Finance hat AES zum dritten Mal in Folge als führenden Anbieter von sauberer Energie für Unternehmen eingestuft.
- Secured major long-term PPAs with Meta for 650 MW of solar capacity
- Projects will generate millions in long-term tax revenue for local communities
- Strong position in corporate renewable energy market with 10.1 GW of hyperscaler arrangements
- Ranked as top clean energy provider by BNEF for third consecutive year
- Substantial growth potential with 12.3 GW backlog and 65 GW pipeline
- None.
Insights
AES strengthens its position in corporate renewable energy market with 650 MW Meta deal, expanding its impressive 7.7 GW portfolio of hyperscaler PPAs.
This announcement represents significant new business for AES, with two long-term Power Purchase Agreements (PPAs) for 650 MW of solar capacity to power Meta's data centers in the Southwest Power Pool market. These agreements strengthen AES's growing portfolio of corporate renewable energy deals, particularly with tech giants driving AI development.
What makes this deal particularly notable is how it fits into AES's broader strategy. The company has now secured 10.1 GW of contractual arrangements with hyperscalers, including 7.7 GW of long-term PPAs specifically for data center energy needs. This positions AES as a dominant player in the corporate renewable energy space, reinforced by Bloomberg New Energy Finance ranking AES as a top provider for three consecutive years.
The Meta partnership delivers multiple revenue streams for AES. Beyond the direct PPA revenue, these projects will likely generate renewable energy credits that carry additional value. The economic profile of these agreements typically includes stable, long-term cash flows, which investors generally view favorably for utility stocks.
For context, these projects will connect to the Southwest Power Pool, covering parts of Texas and Kansas - regions with abundant solar resources but historically coal-dependent electricity. The deal helps Meta progress toward its 100% renewable energy goal while supporting its expanding AI infrastructure needs, which require enormous amounts of electricity.
The arrangement also creates positive community impact through construction jobs and tax revenue for local schools and counties, potentially mitigating regulatory and social license risks for both companies.
Agreements Bolster AES' Position as the Energy Partner of Choice for Corporate Customers
"AES is proud to partner with Meta to deliver reliable and affordable renewable energy that supports their data center growth and ambitious sustainability goals," said Andrés Gluski, AES President and Chief Executive Officer. "By providing energy solutions that offer fast time-to-power and low-cost electricity, we continue to be the partner of choice for companies, like Meta, at the forefront of artificial intelligence innovation."
"We are thrilled to work with AES to bring forward these two solar energy projects," said Urvi Parekh, Global Head of Energy, Meta. "These solutions support our goal for
In addition to supporting Meta's goals, these projects will provide employment opportunities and economic benefits to communities in
AES is the largest US-based global power company, with 32.7 GW in operation, a backlog of 12.3 GW of signed long-term PPAs, and a pipeline of 65 GW. AES has now signed 10.1 GW of contractual arrangements with major global hyperscalers, including 7.7 GW of long-term PPAs to build renewable capacity that supports their data center energy needs, furthering its position as a leading global energy provider for corporate customers, as recognized by Bloomberg New Energy Finance's (BNEF) 2024 Corporate Energy Market Outlook, which ranked AES as a top provider of clean energy to corporations for the third year in a row.
About AES
The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we're improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today. For more information, visit www.aes.com.
Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, those related to future earnings, growth and financial and operating performance. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES' current expectations based on reasonable assumptions. Forecasted financial information is based on certain material assumptions. These assumptions include, but are not limited to, our expectations regarding accurate projections of future interest rates, commodity price and foreign currency pricing, continued normal levels of operating performance and electricity volume at our distribution companies and operational performance at our generation businesses consistent with historical levels, as well as the execution of PPAs, conversion of our backlog and growth investments at normalized investment levels, and rates of return consistent with prior experience.
Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in AES' filings with the Securities and Exchange Commission (the "SEC"), including, but not limited to, the risks discussed under Item 1A: "Risk Factors" and Item 7: "Management's Discussion & Analysis" in AES' 2024 Annual Report on Form 10-K and in subsequent reports filed with the SEC. Readers are encouraged to read AES' filings to learn more about the risk factors associated with AES' business. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except where required by law.
Any Stockholder who desires a copy of the Company's 2024 Annual Report on Form 10-K filed March 11, 2025 with the SEC may obtain a copy (excluding the exhibits thereto) without charge by addressing a request to the Office of the Corporate Secretary, The AES Corporation, 4300 Wilson Boulevard,
Website Disclosure
AES uses its website, including its quarterly updates, as channels of distribution of Company information. The information AES posts through these channels may be deemed material. Accordingly, investors should monitor our website, in addition to following AES' press releases, quarterly SEC filings and public conference calls and webcasts. In addition, you may automatically receive e-mail alerts and other information about AES when you enroll your e-mail address by visiting the "Subscribe to Alerts" page of AES' Investors website. The contents of AES' website, including its quarterly updates, are not, however, incorporated by reference into this release.
Investor Contact: Susan Harcourt 703-682-1204, susan.harcourt@aes.com
Media Contact: Katie Lau 571-286-9362, katie.lau@aes.com
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SOURCE The AES Corporation
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