AES Announces Acquisition Of The 2 GW Bellefield Project
Portfolio Pulse from Benzinga Newsdesk
AES Corporation has announced the acquisition of the 2 GW Bellefield Project in Kern County, California. The project consists of two phases, each with 500 MW of solar and up to 500 MW of four-hour duration battery energy storage.
June 07, 2023 | 10:28 am
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AES Corporation acquires the 2 GW Bellefield Project, expanding its renewable energy portfolio and strengthening its presence in California.
The acquisition of the Bellefield Project directly impacts AES Corporation as it expands their renewable energy portfolio and strengthens their presence in California. This is likely to have a positive effect on their stock price in the short term as investors may view this as a strategic move towards clean energy.
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