Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you a link to reset your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Electric Power

AES estimates $613 billion in global investments in solar generation between 2021-25

Commodities | Energy | Electric Power | Renewables | Natural Gas

Hydrogen: Beyond the Hype

Electric Power

Platts M2MS-Power

Electric Power | Renewables | LNG | Infrastructure Utilities

Caribbean Energy Conference, 21st

Metals | Steel

Consolidation, new capacity boosting US steel sustainability: mill executives

AES estimates $613 billion in global investments in solar generation between 2021-25

Highlights

AES invests in Australian solar technology firm

Says acquired technology will reduce time

Houston — As much as $613 billion could be invested globally in new solar generation between 2021 and 2025, AES Corporation estimated July 30.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The Arlington, Virginia-based company, which provides power in 14 countries, gave its estimate while announcing a "strategic investment" in an Australian solar technology firm, 5B.

AES said that 5B, and the Sydney-based company's Maverick technology, will enable customers to "add solar resources at a pace that is three times faster while providing up to two times more energy within the same footprint of traditional solar facilities."

5B has described Maverick as "the world's first solar array that is pre-fabricated, low-cost and 100% portable."

"A [solar] project using 5B's technology can be built in a third of the time when compared with conventional solar," said Andres Gluski, President and CEO of AES in a statement released July 30.

In 2017, AES acquired sPower, a US-based utility-scale solar developer. The $853 million acquisition gave AES an additional 1,274 MW of utility-scale solar capacity, and a portfolio of 10 GW of projects in various stages of development.

AES followed that acquisition with a joint venture partnership with Siemens in 2018. The resulting new company called Fluence has subsequently reported building or contracting for 2.1 GW of battery storage capacity.

AES is among the most active developers in the fast growing solar plus storage market.

In June, AES was selected by Hawaiian Electric Companies to develop and operate two new utility-scale solar-plus-storage facilities on Oahu.

One project is a 19.5-MW solar PV facility with 35 MWh of storage attached, the other a 60-MW facility with a 240 MWh battery energy storage system.