AES Corporation Progresses with Gas, Renewables Projects as Exit Set for Merchant Coal Facilities

SUGAR LAND--February 28, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--AES Corporation (NYSE:AES) (Arlington, Virginia) plans to reduce its carbon footprint by constructing natural gas-fired and hydropower projects. The company is selling or retiring 4.3 gigawatts (GW) of merchant coal-fired generation, representing approximately 30% of its coal-fired capacity. In the company's conference call, Chief Executive Officer Andrés Gluski said, "By the end of 2020, we expect our coal-fired capacity to decline from 41% to 29%, while renewables and gas will increase from 55% to 68%." Within this article: Details of major AES projects in the U.S. and Chile Other companies featured: Chicago Bridge & Iron Company (NYSE:CBI), Edison International (NYSE:EIX)