Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) entered into an agreement to acquire 49% stake in 1.3 GW Renewables Portfolio from The AES Corporation (NYSE:AES) on December 22, 2022. AES will continue to own and operate the assets. In a related transaction, HASI is financing land owned by AES for a solar project and a standalone battery energy storage system in California.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) completed the acquisition of 49% stake in 1.3 GW Renewables Portfolio from The AES Corporation (NYSE:AES) on January 4, 2023.