- AES Corp. (AES +2.9%) subsidiary Indianapolis Power & Light agrees to acquire a 195 MW solar project planned for Clinton County, Ind., for an undisclosed sum.
- AES says the facility will generate enough electricity to power more than 30K homes.
- Construction on the project is expected to begin in fall 2021 and reach commercial operation in 2023.
- AES has a strong backlog of projects, and management forecasts high single-digit annual EPS growth over the next two years, Gen Alpha writes in a bullish analysis posted on Seeking Alpha.