AES Corp. announces landmark agreement with Google in Texas

The AES Corporation (AES) announced agreements for energy generation that will be co-located with a new Google (GOOG, GOOGL) data center in Wilbarger County, Texas. These energy projects and powered land will enable Google to quickly expand its operations to meet demand for core services that people and businesses use every day, as AES continues to deliver cost-effective and innovative solutions to support this growth. With today’s announcement, AES and Google are expanding their long-standing partnership to meet Google’s energy, reliability, and affordability goals. Capitalizing on its extensive development expertise, AES secured the land and interconnection agreements and will build the necessary shared electricity infrastructure for the co-located facility. In addition, the two companies entered into 20-year Power Purchase Agreements for co-located power generation. AES will own and operate the generation assets in addition to providing retail, cost optimization and related services to Google’s Wilbarger County data center campus under a long-term energy management agreement.