Tag Archives: aes
The Role of PV Inverter Companies in the Smartgrid
As photovoltaic (PV) solar power becomes more prevalent and as PVpenetration on the grid grows, inverters are going to increasingly bedepended on to provide ancillary services in addition to just straightDC-to-AC conversion. These new services will look different for smallresidential and commercial applications versus utility-scale but in anycase, the role of the inverter is likely [...]
AES Solar Energy Lands Project Financing For 43 MW PV Plant
AES Solar Energy Ltd., a joint venture between The AES Corp. and RiverstoneHoldings LLC, says that one of its subsidiaries has closed onlong-term project financing of 173 million euros to finance theconstruction of the Cellino San Marco (CSM) project, a 43 MW solarphotovoltaic facility located in the Puglia region of Italy. Atotal of five banks [...]
AES announces close of transaction with China Investment Corp.
The AES Corp. has successfully closed its equity sale with a whollyowned investment subsidiary of the China Investment Corp. (CIC). The deal was first announced on November 6, 2009 and raises $1.58 billionin new capital for AES. CIC acquired 125.5 million shares of AES stockfor $12.60 per share in exchange for an approximate 15 percent [...]