AES Gener to sell its 50% stake in Guacolda Energía to reduce its carbon portfolio

Latin American power utility AES Gener SA has reached a deal that will see the company part with its stake in its 764-MW coal-fired plant in Chile as it looks to reduce the carbon intensity of its portfolio. AES Gener announced it has agreed to sell its interest of 50% plus one share in Guacolda Energia SpA to industrial electrical technologies provider WEG Group, the current co-owner of Guacolda. The plant accounted for 26% of the seller’s coal-fired capacity.

Source: Renewables Now