A consortium led by BlackRock and EQT to acquire AES for $10.7 billion
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A consortium led by BlackRock's Global Infrastructure Partners and investment group EQT has reached an agreement to acquire AES for $10.7 billion. The large-scale construction of AI data centers has led to a surge in power demand, placing immense pressure on the power grid and drawing significant attention to utilities and power generation companies like AES. Bayo Ogunlesi, CEO of BlackRock's Global Infrastructure Partners, pointed out that substantial investments are needed in power generation, transmission, and distribution to increase capacity. AES stated that the sale will provide the funds necessary for expanding its energy generation business in the United States.