POWER Magazine•about 7 hours ago
EQT, GIP Move to Take AES Private in $33B Bet on Data-Center Power Demand
- •AES Corp., a significant renewables supplier to data centers, is being acquired by a private equity consortium (EQT, GIP) for $33.4 billion, shifting it to private ownership.
- •This acquisition represents a major private equity bet on the surging demand for power from data centers and overall load growth in the sector.
- •The deal underscores the escalating capital requirements within the power industry to meet growing demand, particularly from large loads like data centers.
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