In a move that signals a massive realignment of the global and local energy sectors, a powerhouse consortium led by BlackRock’s Global Infrastructure Partners (GIP) and the Swedish firm EQT has signed a definitive agreement to acquire The AES Corporation.
The transaction, valued at approximately US$33.4 billion including debt, will take the energy giant private, delisting it from the New York Stock Exchange. The deal carries significant weight for the Dominican Republic, where AES Dominicana has operated for over 25 years as a pillar of the nation’s electricity generation and liquefied natural gas (LNG) infrastructure.
The details
The investor group, which also includes the California Public Employees’ Retirement System (CalPERS) and the Qatar Investment Authority (QIA), will pay US$15.00 per share in cash. This represents a roughly 40% premium over the company’s average share price before acquisition rumors began circulating last year.
The board of directors at AES unanimously approved the sale, citing a “significant need for capital” to fund growth beyond 2027. By moving to private ownership, AES leadership believes the company will gain the financial flexibility necessary to accelerate its transition toward clean energy and modernize its grid infrastructure.
Impact on the Dominican Republic
AES is a critical player in the Dominican energy matrix. Through its subsidiaries, it manages key assets including:
• AES Andrés: A major natural gas-fired power plant and the country’s only LNG import terminal.
• Dominican Power Partners (DPP): The Los Mina combined-cycle plant.
• Renewable Energy: A growing portfolio of solar and wind farms (ADRE), 50% of which was recently partnered with TotalEnergies.
While the acquisition happens at the corporate level in the United States, its effects will be felt locally. The consortium has indicated that AES’s regulated businesses will continue to operate under existing local and national oversight. In the Dominican Republic, this means the National Energy Commission (CNE) and the Superintendency of Electricity (SIE) will remain the primary regulators.
The “AI” driver
Market analysts point to the global explosion of Artificial Intelligence as a primary driver for the deal. Data centers, which power AI, require massive, reliable, and increasingly green energy supplies, a specialty of the AES portfolio.
“We are seeing first-hand the increasing need for a secure energy supply amid expanding power demand worldwide,” said Masoud Homayoun, head of EQT Infrastructure. “This acquisition will support the modernization of essential infrastructure that underpins energy security and digitalization.”
What’s next?
The transaction is expected to close in late 2026 or early 2027, pending approval from AES stockholders and regulatory clearances across multiple jurisdictions, including the United States and Dominican Republic.
For now, local operations are expected to continue without immediate changes to management or service. However, the infusion of capital from world-leading asset managers like BlackRock suggests that the next decade of Dominican energy may see a much faster rollout of battery storage and renewable projects.
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AES
5 March 2026