Hannon Armstrong Sustainable Infrastructure Capital (HASI) announced the close of two new programmatic investments in grid-connected renewable energy assets developed, owned and operated by The AES Corporation (AES), a Fortune 500 global energy company and one of the largest developers and operators of clean power in the United States, with a 51-gigawatt development pipeline in the U.S. Per the agreement, signed on December 22 , HASI will make a common equity investment in an approximately 1.3-GW portfolio of operating solar and wind projects located across six states: Arizona, California, New York, South Dakota, Utah, and Virginia. Additionally, HASI is financing land owned by AES for a solar project and a standalone battery energy storage system in California. "We are thrilled to expand our programmatic relationship with AES through this new partnership, which is designed to encourage additional investments over the next several years," said Susan Nickey, Chief Client Officer of Hannon Armstrong. "AES’ purpose to accelerate the future of energy and create a sustainable future is totally aligned with our mission as a climate positive investor," added Nickey. "AES is committed to accelerating a greener, smarter energy future," said Leo Moreno, President of AES Clean Energy. "This investment creates an opportunity to expand our development of renewable energy projects, growing our portfolio of wind, solar and battery energy storage facilities across the U.S."
Published first on TheFly
