AES Stock Movement Summary AES Corporation's stock rose 4.56% on news from two separate developments: Chile Project Cancellation: AES Andes canceled a USD-10 billion green hydrogen project in Chile due to environmental concerns, specifically light pollution impacts on astronomical research in the region. Argentina Wind Expansion: AES Argentina is seeking USD-40 million in financing from IDB Invest for wind power projects. The Vientos Bonaerenses III and IV projects will add 102.4MW of capacity in Buenos Aires province, with commissioning scheduled for Q4 this year. Vestas will supply and install turbines. The financing package is expected to be reviewed by the IDB Invest board in May. These announcements represent a strategic shift in AES's regional portfolio, involving project termination in Chile and expansion financing in Argentina.
Read full analysisAES Stock Movement Summary AES Corporation's stock rose 4.56% on news from two separate developments: Chile Project Cancellation: AES Andes canceled a USD-10 billion green hydrogen project in Chile due to environmental concerns, specifically light pollution impacts on astronomical research in the region. Argentina Wind Expansion: AES Argentina is seeking USD-40 million in financing from IDB Invest for wind power projects. The Vientos Bonaerenses III and IV projects will add 102.4MW of capacity in Buenos Aires province, with commissioning scheduled for Q4 this year. Vestas will supply and install turbines. The financing package is expected to be reviewed by the IDB Invest board in May. These announcements represent a strategic shift in AES's regional portfolio, involving project termination in Chile and expansion financing in Argentina.
AES Corporation (AES) is a publicly traded company in the Broad Market sector.