Aes outlines long-term strategy for growth in renewables & us utilities, while executing on intent to exit coal by year-end 2025

Diversified business mix supports and advances portfolio transformation strategic highlights through 2027 expect to triple renewables capacity by adding 25 to 30 gw of solar, wind and energy storage investing to deliver 10% annual rate base growth at us utilities strengthening position as a leader in new energy technologies, including green hydrogen financial highlights through 2027 initiating adjusted eps1 annualized growth target of 6% to 8% through 2027, from a base of 2023 guidance of $1.65 to $1.75 reaffirming adjusted eps1 annualized growth target of 7% to 9% through 2025, from a base of 2020 initiating 2023 adjusted ebitda2 guidance of $2,600 to $2,900 million initiating adjusted ebitda2 annualized growth target of 3% to 5% overall, and 17% to 20% excluding the energy infrastructure sbu, through 2027 from a base of 2023 guidance maintaining 4% to 6% annual dividend growth guidance, subject to board approval arlington, va. , may 8, 2023 /prnewswire/ -- the aes corporation (nyse: aes) today outlined its long-term strategy for growth, including substantial growth in renewables and us utilities, and fully exiting coal by year-end 20253.
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