AES buys two European wind power companies (Washington, D.C.)
Arlington-based AES Corp.’s AES Wind Generation division had made two acquisitions expanding its wind power generation business in Europe.
The company has acquired U.K.-based wind power company Your Energy Ltd. and acquired a 51 percent stake in Polish wind developer 3E. AES did not disclose financial terms of either acquisition.
The two acquisitions will add 700 megawatts of wind power capacity to AES’s European projects, including projects that will get underway next year. AES will invest $400 million in the new holdings over the next five years.
AES has brought three wind projects in Europe into operation this year in France, Scotland and Bulgaria.
Read the full story in the Washington Business Journal.
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