Subsequent Events

9 Months Ended

Sep. 30, 2021

Subsequent Event [Line Items]

Subsequent Events [Text Block]

SUBSEQUENT EVENTS

Fluence — On November 1, 2021, Fluence completed its initial public offering of 35,650,000 of its Class A common stock at a price of $28 per share, including the exercise of the underwriters’ option. Fluence received approximately $943 million in proceeds, before expenses, as a result of the transaction. AES’ ownership interest in Fluence decreased from 43.2% to 34.2% and the Company expects that Fluence will continue to be accounted for as an equity method investment.

Estrella del Mar I — On October 27, 2021, the Company completed the sale of the power barge. See Note 18—Held-for-Sale and Dispositions for further information.

AES Brasil — On October 1, 2021, AES Brasil concluded a follow-on offering for the issuance of 93,000,000 newly issued shares to fund its renewable energy portfolio at a cost of $205 million. As a result of the offering, AES' indirect beneficial interest in AES Brasil increased from 45.7% to 46.7%.