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AES reaffirms its annual growth target of 7 to 9%.

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AES has just published its financial results for the third quarter of 2021, ended September 30.

AES plans to add 5 GW to its order book

“We continue to capitalize on our leadership position,” says Andrés Gluski, President and CEO of AES.

The company plans to add 5 GW ofrenewable energies to its order book this year.
This would represent a 66% increase over 2020.
In publishing its financial results, the company reaffirms its ambitions.
Stephen Coughlin, Vice-President and CFO, is delighted with AES’s financial performance.
He reaffirms the company’s annual growth target of 7% to 9% through to 2025.
AES diluted earnings per share reach $0.48 in Q3 2021.
Adjusted earnings reached $0.50, compared with $0.42 in the third quarter of 2020.
The company is benefiting from growth in renewable energies, particularly in the United States.

An additional 4 GW by 2021

The company benefits from favorable trends in the production and distribution of clean energy.
Andrés Gluski is delighted:

“Our order book is now the highest in our history at 9.2 GW, 60% of which is in the USA.”

In fact, long-term contracts for 4 GW have been signed or concluded during 2021.
2,645 MW are already under construction, while 6,568 MW are still in the preparatory stage.
Completion is scheduled for 2024.

1.88 GW signed between August and October

Of these 4 GW, 1.88 GW of renewable energies were signed recently, between August and October 2021.
Most of these (1.76 GW) are in the United States, via subsidiary AES Clean Energy.
AES has signed a contract for the Mandacaru and Salinas wind farm in Brazil, with a capacity of 159 MW.
The company is also investing in solar energy, in Colombia with the 59 MW San Fernando wind farm.
Still in photovoltaics, AES is building a 50 MW wind farm in Bayasol, Dominican Republic.

AES commits to innovative technologies

AES is committed to the transition to renewable energy by investing in innovative companies.
One example is the IPO of Fluence, a leading provider of renewable energy storage technologies, on October 28, 2021.
The company is also extending its partnership with Google.
This technology partnership is dedicated to Nest Review, a Google Nest home automation service connected to the thermostat.
Nest Review is designed to adapt home consumption according to cost and ecological impact.

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