AES Corporation's 650 MW Solar Deal with Meta Ranks 208th in Daily Market Volume

On May 21, 2025, The's trading volume reached 4.50 billion, marking a 53.46% increase from the previous day, placing it 208th in the daily market rankings.

The AES Corporation has entered into two long-term Power Purchase Agreements (PPAs) with Meta to supply 650 MW of solar energy to support Meta's data centers in Texas and Kansas. These agreements are part of AES's broader strategy to expand its renewable energy portfolio, particularly with tech giants driving AI development. The projects will create hundreds of construction jobs and generate millions in tax revenue for local communities, supporting Meta's goal of achieving 100% renewable energy.

This partnership not only strengthens AES's position in the corporate renewable energy market but also aligns with its goal of providing reliable and affordable renewable energy. The deal includes stable, long-term cash flows, which are generally viewed favorably by investors. Additionally, the projects will likely generate renewable energy credits, adding to the economic benefits for AES.

The arrangement also has a positive community impact, creating construction jobs and tax revenue for local schools and counties. This helps mitigate regulatory and social license risks for both companies, further solidifying their commitment to sustainable energy solutions.