AES : Q4 & FY 2023 Fact Sheet

February 26, 2024

The AES

Corporation

Fact Sheet

As of February 26, 2024

AES Total: 34,596 Gross MW in Operation

Technology

Pet Coke & Oil

Renewables1

27%

53%

18%

Gas

Segment

Energy

Infrastructure

Renewables2

43%47%

Coal

10%

Utilities

1. Includes hydro, solar, wind, energy storage, biomass and landfill gas.

2. Excludes renewables projects in Chile, currently reported as part of the Energy Infrastructure segment.

AES Total: 24,047 Proportional MW in Operation

Technology

Pet Coke & Oil

Renewables1

Gas

28%

49%

21%

Coal

Segment

Energy

Infrastructure

Renewables2

48%42%

10%

Utilities

1. Includes hydro, wind, solar, energy storage, biomass and landfill gas.

2. Excludes renewables projects in Chile, currently reported as part of the Energy Infrastructure segment.

Renewables Total1: 16,211 Gross MW in Operation

Technology

Energy Storage

35% Hydro

Wind 30%

29%

Solar

1. Excludes renewables projects in Chile, currently reported as part of the Energy Infrastructure segment.

Renewables Total1: 10,050 Proportional MW in Operation

Technology

Energy Storage

39% Hydro

Wind 29%

25%

Solar

1. Excludes renewables projects in Chile, currently reported as part of the Energy Infrastructure segment.

Renewables

					Date of Acquisition

				AES Equity	or	Contract
Business	Location	Fuel	Gross MW	Commencement of	Customer(s)	Prior Segment
Interest	Expiration Date
				Commercial

					Operations

AES Brasil Operações (AES	Brazil	Hydro	2,658	47%	1999	2032	Various	South America
Tietê)1

Alicura	Argentina	Hydro	1,050	100%	2000			South America

Chivor	Colombia	Hydro	1,000	99%	2000	2024-2039	Various	South America
OpCo A2	US-Various	Solar	967	26%	2017-2019	2028-2046	Various	US & Utilities
Wind	140	2017	2036-2046


New York Wind (OpCo D)3	US-NY	Wind	612	75%	2021		NYISO	US & Utilities
AES Renewable Holdings3	US-Various	Solar	414	100%	2015-2023	2029-2042	Utility, Municipality,	US & Utilities
Energy Storage	90	Education, Non-Profit

Spotsylvania Solar Energy	US-VA	Solar	485	26%	2020-2021	2035	Apple, Akami, Etsy,	US & Utilities
Center (OpCo B)2	Microsoft

Ventos do Araripe, Caetés &	Brazil	Wind	456	47%	2022	2034-2035	Various, CCEE	South America
Cassino (Cubico II)

Alto Sertão II	Brazil	Wind	386	36%	2017	2033-2035	Various, CCEE	South America

Cajuína 1	Brazil	Wind	314	36%-47%	2023	2035-2043	Various	South America

Mesa La Paz	Mexico	Wind	306	50%	2019	2045	Fuentes de Energía	MCAC
Peñoles

McFarland A4	US-AZ	Solar	200	75%	2023	2038	BP	US & Utilities
Energy Storage	100


Cajuína 2	Brazil	Wind	296	36%-47%	2023	2044	Various	South America

OpCo B2	US-Various	Solar	260	26%	2019	2039-2044	Various	US & Utilities
Bayano	Panama	Hydro	260	49%	1999	2030	ENSA, Edemet,	MCAC
Edechi, Other

AES Tietê plants: Áqua Vermelha (1,396 MW), Bariri (143 MW), Barra Bonita (141 MW), Caconde (80 MW), Euclides da Cunha (109 MW), Ibitinga (132 MW), Limoeiro (32 MW), Mog-Quaçu (7 MW), Nova Avanhandava (347 MW), Promissão (264 MW), Sao Joaquim (3 MW) and Sao Jose (4 MW).
Unconsolidated entity, accounted for as an equity affiliate.

3. AES owns these assets together with third-party tax equity investors with variable ownership interests. The tax equity investors receive a portion of the economic attributes of the facilities, including tax attributes, that vary over the life of the projects. The proceeds from the issuance of tax equity are recorded as Noncontrolling interest or Redeemable stock of subsidiaries in the Company's Consolidated Balance Sheets, depending on the partnership rights of the specific project.

4. Owned by AES Clean Energy Development (ACED).

Renewables

					Date of Acquisition

				AES Equity	or	Contract
Business	Location	Fuel	Gross MW	Commencement of	Customer(s)	Prior Segment
Interest	Expiration Date
				Commercial

					Operations

Chevelon Butte (OpCo D)1	US-AZ	Wind	238	75%	2023	2043	APS	US & Utilities
Buffalo Gap II1	US-TX	Wind	233	100%	2007			US & Utilities
Baldy Mesa2	US-CA	Solar	150	75%	2023	2043	Amazon	US & Utilities
Energy Storage	75


Changuinola	Panama	Hydro	223	90%	2011	2030	AES Panama	MCAC
Great Cove 1&22	US-PA	Solar	220	75%	2023	2043	University of	US & Utilities
Pennsylvania

Raceway 1	US-CA	Solar	125	50%	2023	2043	Microsoft	US & Utilities

Energy Storage	80

Prevailing Winds (OpCo B)1	US-SD	Wind	200	26%	2020	2050	Prevailing Winds	US & Utilities

Oak Ridge2	US-LA	Solar	200	75%	2023	2043	Amazon	US & Utilities

Ventus	Brazil	Wind	187	36%	2020	2034	CCEE	South America
Skipjack (OpCo D)1,2	US-VA	Solar	175	75%	2022	2036	Exelon Generation	US & Utilities
Company

Buffalo Gap III2	US-TX	Wind	170	100%	2008			US & Utilities

Tucano Phase 2	Brazil	Wind	161	47%	2023	2036	Anglo American	South America

Mandacaru and Salinas	Brazil	Wind	159	47%	2021	2033-2034	CCEE	South America
St. Nikola	Bulgaria	Wind	156	89%	2010	2025	Electricity Security	Eurasia
Fund

Tucano Phase 1	Brazil	Wind	155	24%	2022-2023	2042	Unipar	South America

Guaimbê	Brazil	Solar	150	36%	2018	2037	CCEE	South America
Lancaster Area Battery	US-CA	Energy Storage	127	75%	2022	2037	PG&E	US & Utilities
(LAB)1,2

	life of the projects. The proceeds from the issuance of tax equity are recorded as Noncontrolling interest or Redeemable stock of subsidiaries in the Company's Consolidated Balance Sheets, depending on the partnership rights of
7	the specific project.

2. Owned by AES Clean Energy Development (ACED).

Renewables

					Date of Acquisition

				AES Equity	or	Contract
Business	Location	Fuel	Gross MW	Commencement of	Customer(s)	Prior Segment
Interest	Expiration Date
				Commercial

					Operations

Buffalo Gap I1	US-TX	Wind	121	100%	2006			US & Utilities
Chiriqui - Esti	Panama	Hydro	120	49%	2003	2030	ENSA, Edemet,	MCAC
Edechi, Other

Cavalier2	US-VA	Solar	116	75%	2023	2043	Dominion Energy	US & Utilities
Delta2	US-MS	Wind	104	75%	2023	2043	Amazon	US & Utilities
Cabra Corral	Argentina	Hydro	102	100%	1995		Various	South America

Southland Energy -	US-CA	Energy Storage	100	50%	2021	2041	Southern California	US & Utilities
Alamitos Energy Center2	Edison

							Salt River Project
East Line Solar (OpCo B)4	US-AZ	Solar	100	26%	2020	2045	Agricultural	US & Utilities
Improvement & Power

							District
							Salt River Project
Central Line (OpCo B)3	US-AZ	Solar	100	26%	2022	2039	Agricultural	US & Utilities
Improvement & Power

							District
							Salt River Project
West Line (OpCo B)2	US-AZ	Solar	100	26%	2022	2047	Agricultural	US & Utilities
Improvement & Power

							District
Luna (OpCo D)1,4	US-CA	Energy Storage	100	75%	2022	2037	Clean Power Alliance	US & Utilities
of Southern California

Vientos Bonaerenses	Argentina	Wind	100	100%	2020	2024-2040	Various	South America

Vientos Neuquinos	Argentina	Wind	100	100%	2020	2024-2040	Various	South America
Laurel Mountain Repowering	US-WV	Wind	99	75%	2022	2037	AES Solutions	US & Utilities
(OpCo D)2	Management, LLC

1. AES owns these assets together with third-party tax equity investors with variable ownership interests. The tax equity investors receive a portion of the economic attributes of the facilities, including tax attributes, that vary over the life of the projects. The proceeds from the issuance of tax equity are recorded as Noncontrolling interest or Redeemable stock of subsidiaries in the Company's Consolidated Balance Sheets, depending on the partnership rights of the specific project.

2. Owned by AES Clean Energy Development (ACED).
1. Owned by AES Renewable Holdings.
2. Unconsolidated entity, accounted for as an equity affiliate.

Renewables

					Date of Acquisition

				AES Equity	or	Contract
Business	Location	Fuel	Gross MW	Commencement of	Customer(s)	Prior Segment
Interest	Expiration Date
				Commercial

					Operations

McFarland B1	US-AZ	Solar	60	75%	2023	2043	Amazon	US & Utilities
Energy Storage	30

Estrella	US-CA	Solar	56	50%	2023	2038	Southern California	US & Utilities
Energy Storage	28	Edison


Platteview1	US-NE	Solar	81	75%	2023	2043	Omaha Public Power	US & Utilities
District

Clover Creek (OpCo C)2	US-UT	Solar	80	50%	2021	2046	UMPA	US & Utilities
Westwing 11	US-AZ	Energy Storage	77	75%	2023	2043	APS	US & Utilities

AGV Solar	Brazil	Solar	76	36%	2019	2040	Various, CCEE	South America
OpCo C3	US-Various	Solar	73	50%	2021-2022	2041-2042	Various	US & Utilities

Boa Hora	Brazil	Solar	69	47%	2019	2038	CCEE	South America

Mountain View Repowering	US-CA	Wind	67	75%	2022	2042	Southern California	US & Utilities
(OpCo D)1,5	Edison

San Fernando	Colombia	Solar	61	99%	2021	2036	Ecopetrol	South America

Big Island Waikoloa (OpCo	US-HI	Solar	30	100%	2022-2023	2047	HECO	US & Utilities
E)3,4	Energy Storage	30

Penonomé I	Panama	Wind	55	49%	2020	2030	ENSA, Edemet,	MCAC
Edechi

Chiriqui - Los Valles	Panama	Hydro	54	49%	1999	2030	ENSA, Edemet,	MCAC
Edechi, Other

Bayasol	Dominican	Solar	50	65%	2021	2036	Ede Sur	MCAC
Republic

Agua Clara	Dominican	Wind	50	65%	2022	2039	Ede Norte	MCAC
Republic

Owned by AES Clean Energy Development (ACED).
Unconsolidated entity, accounted for as an equity affiliate.
AES owns these assets together with third-party tax equity investors with variable ownership interests. The tax equity investors receive a portion of the economic attributes of the facilities, including tax attributes, that vary over the

9	life of the projects. The proceeds from the issuance of tax equity are recorded as Noncontrolling interest or Redeemable stock of subsidiaries in the Company's Consolidated Balance Sheets, depending on the partnership rights of
	the specific project.

4. Owned by AES Renewable Holdings.

Renewables

					Date of Acquisition

				AES Equity	or	Contract
Business	Location	Fuel	Gross MW	Commencement of	Customer(s)	Prior Segment
Interest	Expiration Date
				Commercial

					Operations

Santanasol	Dominican	Solar	50	65%	2022	2038	Ede Sur	MCAC
Republic

Mountain View IV (OpCo E)1	US-CA	Wind	49	100%	2012	2032	Southern California	US & Utilities
Edison

Chiriqui - La Estrella	Panama	Hydro	48	49%	1999	2030	ENSA, Edemet,	MCAC
Edechi, Other

AM Solar2	Jordan	Solar	48	36%	2019	2039	National Electric	Eurasia
Power Company

Ullum	Argentina	Hydro	45	100%	1996		Various	South America

Lāwa'i1,3	US-HI	Solar	20	100%	2018	2043	Kaua'i Island Utility	US & Utilities
Energy Storage	20	Cooperative


OpCo D1,3	US-Various	Solar	38	75%	2022-2023	2042-2043	Various	US & Utilities

Energy Storage	2

Kuihelni4	US-HI	Solar	15	100%	2023	2048	HECO	US & Utilities

Energy Storage	15


Kekaha1,3	US-HI	Solar	14	100%	2019	2045	Kaua'i Island Utility	US & Utilities
Energy Storage	14	Cooperative


Brisas	Colombia	Solar	27	99%	2022	2037	Ecopetrol	South America
West Oahu Solar1	US-HI	Solar	13	100%	2023	2048	HECO	US & Utilities

Energy Storage	13

Na Pua Makani (OpCo E)3	US-HI	Wind	24	100%	2020	2040	HECO	US & Utilities

Ilumina	US-PR	Solar	24	100%	2012	2037	LUMA Energy	US & Utilities
Castilla	Colombia	Solar	21	99%	2019	2034	Ecopetrol	South America

Tunjita	Colombia	Hydro	20	99%	2016	2024-2039	Various	South America

Owned by AES Renewable Holdings.
Announced the sale of 26% of our interest in this business in November 2020.
AES owns these assets together with third-party tax equity investors with variable ownership interests. The tax equity investors receive a portion of the economic attributes of the facilities, including tax attributes, that vary over the

10	life of the projects. The proceeds from the issuance of tax equity are recorded as Noncontrolling interest or Redeemable stock of subsidiaries in the Company's Consolidated Balance Sheets, depending on the partnership rights of
	the specific project.

4. Owned by AES Clean Energy Development (ACED).

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The AES Corporation published this content on 27 February 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2024 18:05:14 UTC.

	1st Jan change	Capi.
AES CORPORATION (THE)	-10.60%	12.23B
NEXTERA ENERGY	+8.64%	136B
SOUTHERN COMPANY	+4.41%	80.06B
IBERDROLA, S.A.	-2.19%	77.98B
DUKE ENERGY CORPORATION	+0.69%	75.38B
ENEL S.P.A.	-8.92%	66.47B
CONSTELLATION ENERGY CORPORATION	+61.15%	59.36B
AMERICAN ELECTRIC POWER COMPANY, INC.	+4.97%	44.9B
DOMINION ENERGY, INC.	+7.34%	42.26B
GE VERNOVA INC.	0.00%	41.94B

1st Jan change

Capi.

AES CORPORATION (THE)

-10.60%

12.23B

NEXTERA ENERGY

+8.64%

136B

SOUTHERN COMPANY

+4.41%

80.06B

IBERDROLA, S.A.

-2.19%

77.98B

DUKE ENERGY CORPORATION

+0.69%

75.38B

ENEL S.P.A.

-8.92%

66.47B

CONSTELLATION ENERGY CORPORATION

+61.15%

59.36B

AMERICAN ELECTRIC POWER COMPANY, INC.

+4.97%

44.9B

DOMINION ENERGY, INC.

+7.34%

42.26B

GE VERNOVA INC.

0.00%

41.94B

Market Closed - Nyse Other stock markets 04:00:01 2024-04-26 pm EDT			5-day change	1st Jan Change
17.21 ^USD	+0.47%		+4.94%	-10.60%

Apr. 18	Tech strength lifts Wall Street
Apr. 18	Mizuho Initiates AES With Buy Rating, $21 Price Target	MT

Tech strength lifts Wall Street	Apr. 18
Mizuho Initiates AES With Buy Rating, $21 Price Target	Apr. 18	MT
ANALYST RECOMMENDATIONS : Baker Hughes, Ebay, Halliburton, Linde, Oracle...	Apr. 18
UBS Trims The AES Price Target to $19 From $20, Maintains Neutral Rating	Apr. 03	MT
Meta, Boeing, GE Vernova join US business delegation to Vietnam this week	Mar. 17	RE
Barclays Trims Price Target on The AES to $20 From $21, Maintains Overweight Rating	Mar. 14	MT
The AES Corp Appoints Tom Raga as President of AES Ohio	Feb. 27	CI
Transcript : The AES Corporation, Q4 2023 Earnings Call, Feb 27, 2024	Feb. 27
AES forecasts 2024 profit above Wall Street estimates on renewable strength	Feb. 26	RE
AES Q4 Adjusted Earnings Rise, Revenue Falls; 2024 EPS Guidance Set	Feb. 26	MT
Earnings Flash (AES) THE AES CORPORATION Reports Q4 Revenue $2.97B	Feb. 26	MT
Earnings Flash (AES) THE AES CORPORATION Posts Q4 EPS $0.73	Feb. 26	MT
The AES Corporation Expects to Grow Its Dividend Annually After 2024	Feb. 26	CI
The AES Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 26	CI
The AES Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 26	CI
The AES Corporation Announces Quarterly Dividend, Payable on May 15, 2024	Feb. 23	CI
The AES Corporation Appoints Gustavo "Guga" Garavaglia as Chief Financial Officer of US Utilities	Feb. 05	CI
Barclays Adjusts Price Target on The AES to $21 From $18, Keeps Overweight Rating	Jan. 22	MT
The AES Corporation Appoints Inderpal S. Bhandari to Serve as A Director on the Board and as A Member of the Innovation and Technology Committee	Jan. 19	CI
Transcript : The AES Corporation - Special Call	Jan. 18
AES Completes Construction of 3.5 GW of Renewables Projects in 2023	Jan. 18	MT
The AES Corporation Completes Construction of 3.5 GW of Renewables in 2023	Jan. 18	CI
Hannon Armstrong Invests in AES' 605 Megawatt Renewable Portfolio	Jan. 04	MT
Hannon Armstrong Sustainable Infrastructure Capital, Inc. completed the acquisition of an unknown stake in 605 MW Renewables Portfolio of The AES Corporation for approximately $140 million.	Jan. 03	CI
Administradora de Fondos de Inversión Popular, S. A. completed the acquisition of Businesses in the Dominican Republic from The AES Corporation.	Dec. 20	CI

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