NewQ1 2026 Clean Energy Deal Intelligence Report is live
BuyerSellerDeveloper

AES Corporation

Track

37

Deals Tracked

$70.12B

Deal Value

80,105.66MW

Total Capacity

6

Executive Moves

Solar

Top Technology

Deal Activity

Mar 2SellerAES Corporation — diversified global power company with ~35 GW of generation across US and international marketsCorporate M&ASolar + Storage$33.40B35,000 MW
Aug 8DeveloperAES Corporation — global integrated utility (~36 GW, including significant US generation) with 11.8 GW of contracted capacity to hyperscalers (Microsoft, Google, Amazon)Corporate M&ASolar + Storage$33.40B36,000 MW
May 21DeveloperTwo solar projects totaling 650 MW — 400 MW in Texas and 250 MW in Kansas, feeding into SPP market to support Meta data centersPower Purchase & OfftakeSolar650 MW
May 1DeveloperAES Community Solar Portfolio — ~30 community solar projects, 215 MW, NY/MA/ILCorporate Debt & Capital MarketsSolar$301M215 MW
Jan 6DeveloperBellefield Solar and Energy Storage FarmProject financeHybrid$1.68B1,000 MW
Sep 13Seller30% indirect interest in AES Ohio (regulated electric utility)Project & Portfolio M&AOther$546M
Jan 1DeveloperAltona Windpark— Wind project, NY (NYISO North), 31.61 MW, COD 2028Utility PPAWind31.61 MW
Jan 1DeveloperBliss Windpark— Wind project, NY (NYISO West), 23.75 MW, COD 2028Utility PPAWind23.75 MW
Jan 1DeveloperClinton Windpark— Wind project, NY (NYISO North), 27.57 MW, COD 2028Utility PPAWind27.57 MW
Jan 1DeveloperHomer Solar Energy Center— Solar project, NY (NYISO Central), 90 MW, COD 2027Utility PPASolar90 MW
Jan 1DeveloperMoraine Solar Energy Center— Solar project, NY (NYISO Central), 93.55 MW, COD 2028Utility PPASolar93.55 MW
Jan 1DeveloperTracy Solar Energy Center— Solar project, NY (NYISO Mohawk Valley), 119 MW, COD 2028Utility PPASolar119 MW
Jun 7BuyerBellefield Solar and Energy Storage FarmProject acquisitionHybrid1,000 MW
Jun 7BuyerBellefield 2 Solar & Energy Storage FarmProject acquisitionHybrid1,000 MW
Jun 7DeveloperBellefield Solar and Energy Storage FarmCorporate PPAHybrid500 MW
Jun 1DeveloperChevelon Butte Wind FarmUtility PPAWind238.2 MW
Jan 4Seller1.3 GW AES operating renewables portfolio (49% equity) — 17 solar projects + 1 wind project across AZ, CA, NY, SD, UT, VAStrategic & Growth CapitalSolar + Storage1,300 MW
Jan 1DeveloperBrookside Solar— Solar project, NY (NYISO North), 100 MW, COD 2028Utility PPASolar100 MW
Aug 4DeveloperAES Hawaii portfolio — 5 solar+storage projects (224.5 MW gen / 685 MWh storage): Waikoloa, West Oahu, Mountain View, Ke'amukuProject FinanceSolar + Storage$488M224 MW
Jul 21DeveloperMountain View I & IICorporate offtake agreementWind70.9 MW
May 6DeveloperAES California solar+storage portfolio (Amazon) — 450 MW solar + 225 MW / 900 MWh battery storage, CA (CAISO), COD 2024Corporate PPASolar + Storage450 MW
May 4DeveloperAES California solar+storage portfolio (Microsoft) — 110 MW AC solar + 55 MW / 220 MWh battery storage, CA (CAISO), COD 2024Corporate PPASolar + Storage110 MW
Jan 1DeveloperHemlock Ridge Solar— Solar project, NY (NYISO Genesee), 200 MW, COD 2028Utility PPASolar200 MW
Jan 1DeveloperRiverside Solar— Solar project, NY (NYISO Mohawk Valley), 100 MW [CANCELLED]Utility PPASolar100 MW
Jan 1DeveloperSomerset Solar— Solar project, NY (NYISO West), 125 MW, COD 2027Utility PPASolar125 MW
Jan 1DeveloperValcour Altona Windpark— Wind project, NY (NYISO North), 71.89 MW, COD 2028Utility PPAWind71.89 MW
Jan 1DeveloperValcour Bliss Windpark— Wind project, NY (NYISO West), 84.25 MW, COD 2028Utility PPAWind84.25 MW
Jan 1DeveloperValcour Chateaugay Windpark— Wind project, NY (NYISO North), 87.63 MW, COD 2028Utility PPAWind87.63 MW
Jan 1DeveloperValcour Clinton Windpark— Wind project, NY (NYISO North), 80.43 MW, COD 2028Utility PPAWind80.43 MW
Jan 1DeveloperValcour Ellenburg Windpark— Wind project, NY (NYISO North), 90 MW, COD 2028Utility PPAWind90 MW
Jan 1DeveloperValcour Wethersfield Windpark— Wind project, NY (NYISO Central), 99.79 MW, COD 2028Utility PPAWind99.79 MW
Jan 1DeveloperWhite Creek Solar, LLC— Solar project, NY (NYISO Genesee), 135 MW, COD 2027Utility PPASolar135 MW
Aug 1BuyerHardy Hills Solar EnergyProject acquisitionSolar195 MW
Apr 1DeveloperAES community solar portfolio — 215 MWdc / ~30 projects in NY, MA, ILProject FinanceSolar$301M215 MW
Jan 1DeveloperSilver Lake Solar— Solar project, NY (NYISO Central), 24.99 MW [CANCELLED]Utility PPASolar24.99 MW
Jul 1DeveloperBuffalo Gap 2 Wind FarmRetail offtake PPAWind232.5 MW
Jun 16DeveloperBuffalo Gap Wind FarmRetail PPAWind120.6 MW

Key People

Change of Control

2 joined4 departed
Mar 2Promotion
Ricardo Falú→ President
from AES CorporationSource →
Mar 2Promotion
Juan Ignacio Rubiolo→ EVP, Chief Operating Officer, and President of Energy Infrastructure SBU
from AES CorporationSource →
Jan 1New Hire
Kristina Lund← was President and CEO, AES Indiana and AES Ohio
to Pattern EnergySource →
Nov 1New Hire
Ahmed Pasha← was CFO, US Utilities and Conventional Generation
to Fluence EnergySource →

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