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SALT LAKE CITY, UT, Aug. 14, 2018 (GLOBE NEWSWIRE) -- sPower, the largest private owner of operating solar assets in the US, recently celebrated the one-year anniversary of its acquisition by The AES Corporation (“AES”) and Alberta Investment Management Corporation (“AIMCo”). The partnership has delivered a powerful combination and accelerated sPower’s growth plan and execution capabilities. Since closing one year ago, sPower has, among other impressive accomplishments:
“AES and AIMCo have given us incredible support over the last year and the future of sPower is bright with their backing,” said sPower’s CEO, Ryan Creamer. “Not only have we significantly expanded the portfolio, but we expect it to continue to grow in the coming months as we work to convert our current 2,100 MW of shortlists into contracted assets.”
“We are very pleased with sPower’s operational and development performance, which has exceeded our expectations,” said Tom O’Flynn, AES Executive Vice President and Chief Financial Officer. “In fact, sPower’s signed PPAs year-to-date will be a key contributor to AES’ growth through 2020 and beyond.”
sPower, an AES and AIMCo company, is the largest private owner of operating solar assets in the United States. sPower owns and operates a portfolio of solar and wind assets greater than 1.3 GW and has a development pipeline of more than 10 GW. sPower is owned by a joint venture partnership between The AES Corporation (NYSE: AES), a worldwide energy company headquartered in Arlington, Virginia, and the Alberta Investment Management Corporation, one of Canada’s largest and most diversified institutional investment fund managers. For more information, visit www.sPower.com
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