The AES Corporation recently revealed an impressive achievement, with the completion of 3.5 GW of new renewables projects in 2023. This significant growth showcases an almost 100% increase in capacity constructed compared to the preceding year, underlining the company’s commitment to expanding its renewables portfolio.

Of particular note is the breakdown of the 3.5 GW, with 1.6 GW accounting for solar, 1.3 GW for wind, and 0.6 GW for energy storage. Noteworthy projects completed in 2023 include Great Cove Solar, a 220 MW project spread across Franklin and Fulton Counties, Pa., with the University of Pennsylvania as the purchaser of all electricity generated at the sites.

Another highlight is the completion of Chevelon Butte Wind, a 238 MW wind project, and Phase 1 of a 454 MW wind facility in Coconino and Navajo counties, Ariz., situated on the historic Chevelon Butte Ranch.

Additionally, the completion of McFarland A Solar-plus-Storage, a 200 MW solar and 100 MW energy storage project located in Yuma County, Ariz., further strengthens AES’ renewables portfolio.

This remarkable achievement underscores the company’s remarkable progress and commitment to sustainable energy solutions. With an expanding portfolio of renewables, AES is positioned to make a substantial impact in the renewable energy sector and contribute to a more sustainable future for all.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.