AES Buys Main Street Power for Distributed Generation Growth
AES Corp., Arlington, Va., a power producer with operations in 18 countries on four continents, bought the solar developer Main Street Power Co., Boulder, Colo., to expand its distributed-generation business.
Main Street Power, which will now be named AES Distributed Energy (in fact it’s already changed on the company’s website), is a developer, owner and operator of distributed photovoltaic (PV) power systems through power purchase agreements (PPAs). It will retain its existing leadership.
The all-cash deal gives AES about 60 megawatts of solar capacity across the U.S. and another 100 megawatts under development in the U.S., Caribbean and Latin America, AES said in a release. Terms weren’t disclosed. Altogether AES has about 35 gigawatts of generating capacity and is developing another 7 gigawatts.
About the Author
Doug Chandler, Senior Staff Writer
Executive Editor
Doug Chandler began writing about the electrical industry in 1992, and still finds there's never a shortage of stories to be told. So he spends his days finding them and telling them. Educationally, he's a Jayhawk with an English degree. Outside of work, he can often be found banging drums or harvesting tomatoes.