Record Growth in Renewables
Renewables EBITDA increased by 46% year-to-date, driven by organic growth and new projects coming online. The installed capacity of the U.S. business is nearly 60% larger compared to two years ago.
Significant New PPAs
AES has signed 2.2 gigawatts of PPAs year-to-date and expects to sign an additional 1.8 gigawatts by year-end, with a total target of 4 gigawatts.
Robust Construction Pipeline
AES has completed 2.9 gigawatts of construction projects year-to-date, with an additional 4.8 gigawatts under construction.
Strong Data Center Segment
4.2 gigawatts of data center projects are operational, with 4 gigawatts in backlog. AES signed a development transfer agreement with a large data center customer.
Financial Performance and Guidance
Third quarter adjusted EBITDA was $830 million, up from $698 million a year ago. AES reaffirmed its full-year 2025 guidance with an EBITDA range of $2.65 billion to $2.85 billion and an EPS guidance of $2.10 to $2.26.