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AES and Meta Announce PPAs to Provide 650 MW of Solar Capacity for Data Centers

LCG, May 22, 2025--The AES Corporation (AES) yesterday announced that it has entered into two, long-term Power Purchase Agreements (PPA) to support Meta's data centers with 650 MW of solar capacity from two AES projects that will be starting operation in the Southwest Power Pool (SPP). AES expects these two solar projects will provide economic benefits to communities in Texas and Kansas, including hundreds of new construction jobs and contributing millions in long-term tax revenue.

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TVA Submits First Construction Permit Application for SMR at Clinch River Site

LCG, May 21, 2025--The Tennessee Valley Authority (TVA) announced yesterday that it is the first utility in the U.S. to submit a construction permit application (CPA) for the GE Vernova Hitachi Nuclear Energy (GVH) small modular reactor (SMR) BWRX-300 technology to the U.S. Nuclear Regulatory Commission (NRC). The application is TVA's next step in pursuing an SMR at its Clinch River site, near Oak Ridge, Tennessee. Preliminary SMR site preparation could begin as soon as 2026.

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Industry News

Peruvian Utility Bids Extended Until May

LCG, March 13, 2002-Canadian, Spanish, and Columbian companies have been given until May 30 to bid on electric concessions in Peru.

Peru's government, headed by President Alejandro Toledo, is offering investment in four electricity generators in northern and central Peru, hoping to reach $700 million in privatization receipts by the end of the year. Companies have an extra month to bid on stakes in Electro Norte, Electro Norte Medio, Electro Centro, amd Electro Noroeste since Peru's privatization commission has extended its offer from the previous April 23 deadline.

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