Parent Of Retail Choice Utility Acquires Solar Developer Which Had Been Affiliated With Retail Supplier

The AES Corporation today announced the acquisition of U.S. solar developer Community Energy Solar, LLC, which had been part of the Community Energy family of companies

Community Energy Inc. will continue as a separate entity and was not included in the transaction. Community Energy Inc. has been the entity under which Community Energy has operated a retail electric supplier in certain markets

"The addition of [Community Energy Solar] and its 10 GW pipeline to AES will complement our efforts to deliver highly innovative products to customers with a strong pipeline that now totals more than 40 GW across the country and an industry-leading development team to advance projects," said Leo Moreno, AES Clean Energy President.

AES' US renewables portfolio now includes 4.4 GW of operating assets and 5.7 GW of signed PPAs.

"Driven by the urgency of the climate crisis and the need for 10x growth in solar over the next decade, we decided it was time to amplify our impact by joining forces with a world-class partner," said Brent Beerley, Community Energy CEO. "AES is the ideal partner for us because of their conviction on climate, their industry-leading innovation and most importantly, their people. Having worked closely with the AES team over the past several years, we have found a deep alignment on values and culture, which was essential to us. I am beyond grateful to our team, our board and AES for this opportunity."