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AES Acquires Large Solar Plant Development in California

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Apr 09, 2023

AES Acquires Large Solar Plant Development in California

Naureen S Malik Subscriber Benefit Subscribe AES Corp., an electric utility

Naureen S Malik

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AES Corp., an electric utility that's been phasing out of coal and expanding in renewables, is acquiring a major solar plant under construction in California.

AES has acquired the Bellefield solar plant and storage project in Kern County from solar-power developer Avantus LLC, according to a statement reviewed by Bloomberg News. The 2-gigawatt project, which would provide enough electricity to power 1.5 million California homes, will start supplying the grid in 2025.