AES Corporation

AES Corporation agreed to sell its 100% equity interest in the 295 MW Itabo power plant in San Cristobal, Dominican Republic to Grupo Linda for net equity proceeds of approximately $101 million. The transaction is expected to close in Q4 2020.

Adani Power Limited signed a definitive agreement on June 24, 2020 to acquire a 49% stake in Odisha Power Generation Corporation from AES Corporation for USD 135 million.

Siemens Gamesa Renewable Energy has secured a contract from AES to supply 52 SG 5.8-170 wind turbines for the Tucano wind farm in Bahia, Brazil, with commissioning scheduled for 2021.

EP UK Investments Ltd, a subsidiary of EPH, agreed to acquire AES Corporation's generation assets at Ballylumford and Kilroot in Northern Ireland, with combined capacity of 1.4 GW. The deal includes CCGT, battery storage, open cycle turbines and a coal-fired plant.

Vestas received a 306 MW order from EnerAB for the Mesa La Paz wind park in Tamaulipas, Mexico. The order includes supply and installation of 85 V136-3.45 MW turbines and a 15-year service agreement.

AES and Siemens announced a joint venture to form Fluence, a commercial- and utility-scale energy storage provider with more than 460 MW of storage deployed or awarded.

Siemens is set to acquire MRX Technologies Group, headquartered in Perth, Australia, to expand its predictive maintenance offerings for rail systems. The group includes JRB Engineering, MRX Technologies, MRX Rail Services, and MRX Rail Service UK. Closing is expected in early July 2017.

A new 120 MW turbine generator unit was started at the Ust-Kamenogorsk co-generation plant in Kazakhstan, a $53 million project by AES that will produce 800 million kWh per year and reduce energy deficit.