30% indirect interest in AES Ohio (regulated electric utility)
Part of AES's $3.5B asset sale proceeds target through 2027. CDPQ acquires 30% indirect interest to support AES Ohio growth plans. AES signed agreements with data center customers for 2.1 GW of new load growth at AES Ohio in 2024. Closed April 4, 2025.
$546M
Deal Value
Other
Technology
OH
Location
Deal Details
- Deal Type
- Project
- Seller / Sponsor
- AES Corporation
- Buyer / Financier
- CDPQ (Caisse de depot et placement du Quebec)
- Deal Value
- $546M
- Stage
- Operating
- ISO/RTO
- PJM
- Source
- AES Corporation
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