Aes reaffirms 7% to 9% annualized growth target through 2025; now expects to sign 5 gw of renewables under long-term contracts in 2021

Arlington, va., nov. 3, 2021 /prnewswire/ --  strategic accomplishments signed 4 gw of new ppas for renewable energy projects in year-to-date 2021, increasing the backlog to 9.2 gw based on year-to-date 2021 progress, increasing full year 2021 target to sign renewables under long-term ppas to 5 gw, from 4 gw received approval from the california state water resource control board for a two-year extension through 2023 for the operation of the 876 mw southland redondo beach facility fluence completed its initial public offering and began trading on october 28, 2021 q3 2021 financial highlights diluted eps of $0.48, compared to ($0.50) in q3 2020 adjusted eps1 of $0.50, compared to $0.42 in q3 2020 financial position and outlook reaffirming 2021 adjusted eps1 guidance range of $1.50 to $1.58; now expecting low end of the range due to a non-cash adjustment related to equity units issued in march 2021, as a result of an updated interpretation of accounting literature reaffirming 7% to 9% annualized growth target through 2025, off a base year of 2020 the aes corporation (nyse: aes) today reported financial results for the quarter ended september 30, 2021.
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