Elawan bags Google PPA for 37-MW solar project in Texas
Sep 19, 2024 13:49 CESTThe AES Corporation (NYSE:AES) on Monday priced a registered public offering of 5.450% senior notes due 2028 to raise USD 900 million (EUR 828m) of gross proceeds.
The energy company said in a statement that it plans to spend the funds on one or more eligible green projects. It noted it may use the net proceeds to finance investments in its renewables strategic business unit or its US utilities businesses.
The transaction is seen to close on May 17, 2023. JP Morgan Securities LLC and Barclays Capital Inc, MUFG Securities Americas Inc, Scotia Capital (USA) Inc and SMBC Nikko Securities America Inc serve as joint book-running managers of the proposed offering.
Earlier this month, AES said it plans to triple its renewables capacity by 2027 to reach about 40 GW-45 GW.
(USD 1.0 = EUR 0.920)
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