On the Record · AES

AES acquisitions, on the record

The businesses AES bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Vietnam Mong Duong 2 business (Mong Duong 2 power plant) Word for word“(1) In November 2023, agreed to sell this business to Sev.en Global Investments Pty Ltd.” 10-K for 2023	agreed divestiture	In November 2023	—
Hardy Hills Solar Energy LLC Word for word“In December 2021, AES Indiana completed the acquisition of Hardy Hills Solar Energy LLC, including the development of a 195 MW solar project (the "Hardy Hills solar project").” 10-K for 2023	acquisition	In December 2021	—
Petersburg Energy Center, LLC Word for word“In August 2023, AES Indiana completed the acquisition of Petersburg Energy Center, LLC, including the development of a 250 MW solar and 45 MW (180 MWh) energy storage facility (the "Petersburg Energy Center project").” 10-K for 2023	acquisition	In August 2023	—
Hoosier Wind Project Word for word“In July 2023, AES Indiana executed a purchase agreement for the acquisition of the Hoosier Wind Project, which is an existing 106 MW wind facility located in Benton County, Indiana, subject to IURC approval, which was received in January 2024.” 10-K for 2023	agreed acquisition	—	—
sPower indirect interest in a portfolio of operating assets (OpCo B) Word for word“The impairment analysis was triggered by the signing of a purchase and sale agreement which, at the time, implied an expected loss upon sale of the Company's indirect interest in a portfolio of sPower's operating assets ("OpCo B").” 10-K for 2023	divestiture	—	—
Fallbrook project Word for word“• $73 million at New Energy Technologies mainly driven by the sale of the Fallbrook project in March 2023.” 10-K for 2023	divestiture	March 2023	—
AGV VII Solar project Word for word“On November 30, 2021, AES Brasil acquired AGV VII Solar project with an under construction installable capacity of 33 MW of solar generation, that is expected to be concluded in 2024.” 10-K for 2023	acquisition	On November 30, 2021	—
47.3% interest in AES Brasil Word for word“In October 2024, closed the sale of our 47.3% interest in AES Brasil for approximately $630 million, including sale and hedge proceeds.” 10-K for 2024	divestiture	In October 2024	approximately $630 million, including sale and hedge proceeds
Hoosier Wind Project (106 MW wind facility, Benton County, Indiana) Word for word“and a 106 MW wind facility located in Benton County, Indiana (the "Hoosier Wind Project"), which was acquired in February 2024.” 10-K for 2024	acquisition	February 2024	—
Mong Duong 2 business in Vietnam (sale to Sev.en Global Investments Pty Ltd.) Word for word“(1) In November 2023, agreed to sell this business to Sev.en Global Investments Pty Ltd.” 10-K for 2024	agreed divestiture	In November 2023	—
AutoGrid (acquired by Uplight) Word for word“At December 31, 2024 the Company held a 24.6% ownership interest in Uplight, following Uplight's acquisition of AutoGrid, a market leader in distributed energy resource management and virtual power plants, on February 9, 2024.” 10-K for 2024	acquisition	February 9, 2024	—
Sale of shares of Fluence (equity method investment) Word for word“partially offset by a $136 million gain on sale of shares of Fluence, our equity method investment, in 2023, and the $10 million loss on the selldown of Amman East and IPP4 in Jordan, which is now accounted for as an equity method investment.” 10-K for 2024	divestiture	2023	$136 million gain
Amman East and IPP4 in Jordan (selldown) Word for word“and the $10 million loss on the selldown of Amman East and IPP4 in Jordan, which is now accounted for as an equity method investment.” 10-K for 2024	divestiture	—	$10 million loss
Crossvine Solar 1, LLC Word for word“On May 16, 2025, AES Indiana completed the acquisition of Crossvine Solar 1, LLC ("Crossvine"), including the development of 85 MW of solar and 85 MW (340 MWh) of energy storage which is expected to be placed in service in mid-2027.” 10-K for 2025	acquisition	May 16, 2025	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Goodwill from acquisitions
2021-12-31	$340 million
2022-12-31	$3 million

Deal filings since 2016

2026-08-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-06-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-03-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-03-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-03-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-03-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-12-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-05-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-05-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-02-24 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2021-09-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-03-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-12-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-05-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-12-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-03-21 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2018-03-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-03-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-12-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-08-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-08-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-05-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-02-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from AES’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-03-02. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.