Strengthens Position as a Leader in Providing Renewable Energy to Corporate Customers

ARLINGTON, Va., June 7, 2023 /PRNewswire/ -- The AES Corporation (NYSE: AES) today announced the acquisition of the 2 GW Bellefield project, which is currently in late-stage development, and is the largest permitted solar-plus-storage project in the United States.  The project, located in Kern County, California, where AES¹ already has significant operations, includes two phases, each with 500 MW of solar and up to 500 MW of four-hour duration battery energy storage.  The project represents a significant step in accelerating California's commitment to achieving 100% carbon-free energy by 2045.  This acquisition strengthens AES' position as a leader in providing renewable energy solutions to corporate customers under long-term contracts.