Doha, Qatar – March 2, 2026 – QIA today announced it has invested in The AES Corporation (AES), a leading global energy company accelerating the future of energy, as part of a consortium led by Global Infrastructure Partners (a part of BlackRock) and EQT, alongside California Public Employees’ Retirement System (CalPERS). who serves as co-underwriter alongside QIA (collectively “the Consortium”). Through this deal, the Consortium will acquire AES for $15.00 per share in cash, representing a total equity value of $10.7 billion and an enterprise value of approximately $33.4 billion, including the assumption of existing debt.
AES is the largest supplier of clean energy to corporations globally and has signed 11.8 GW of agreements with major technology companies to deliver competitive solutions and power AI-driven growth.
The transaction positions AES for long-term growth as a premier clean energy platform across the Americas and enhances the Company’s financial flexibility as a private enterprise. The Consortium brings deep global experience investing in infrastructure and energy businesses - including regulated utilities - and shares AES’ commitment to safety, affordability, reliability and customer service.
Mohammed Saif Al-Sowaidi, CEO of QIA , said: “QIA is committed to advancing the energy transition by providing long-term capital to companies with proven capabilities and operational excellence. We are proud to support AES as it expands its leadership in clean energy across the Americas and delivers reliable, affordable power to the communities it serves.”
QIA’s participation reflects its strategy of partnering with leading global institutions to invest in essential infrastructure and businesses positioned to benefit from long-term structural trends. As a long-term investor, QIA provides patient capital and strategic flexibility to support sustainable growth, resilience, and value creation.
About AES
The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we're improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today. For more information, visit www.aes.com .