AES and Meta Sign Long-Term PPAs to Deliver 650 MW of Solar Capacity in Texas and Kansas

Core Insights - AES Corporation has entered into two long-term Power Purchase Agreements (PPAs) to provide 650 MW of solar energy for Meta's data centers, enhancing its position as a preferred energy partner for corporate customers [1][2] - The projects will not only support Meta's sustainability goals but also create hundreds of construction jobs and generate millions in long-term tax revenue for local communities in Texas and Kansas [2] - AES is recognized as the largest US-based global power company, with 32.7 GW in operation, a backlog of 12.3 GW of signed long-term PPAs, and a pipeline of 65 GW, solidifying its leadership in the corporate energy market [3] Company Positioning - AES has signed 10.1 GW of contractual arrangements with major global hyperscalers, including 7.7 GW of long-term PPAs aimed at building renewable capacity for data center energy needs [3] - The company has been ranked as a top provider of clean energy to corporations for three consecutive years by Bloomberg New Energy Finance's 2024 Corporate Energy Market Outlook [3] Economic Impact - The solar projects will provide significant employment opportunities and economic benefits to the communities involved, contributing to local schools and counties through tax revenue [2]