Reuters could not immediately confirm the report.
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GIP, an infrastructure investment fund, declined to comment to the Financial Times. Meanwhile, AES and GIP did not immediately respond to Reuters’ requests for comment outside regular business hours.
The newspaper added that talks between the parties were at an advanced stage, but negotiations could fail to yield a deal.
AES, which surpassed Wall Street estimates for its second-quarter profit in July, has experienced significant growth in its renewables unit over the past year. This expansion has been fueled by a global push for cleaner sources of power generation, coinciding with projections that U.S. power consumption will reach record levels.
Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Alan Barona and Sherry Jacob-Phillips