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Google and AES Sign Agreements for Co-Located Generation and Data Center in Texas

LCG, February 24, 2026--The AES Corporation (AES) and Google today announced agreements for clean power generation that will be co-located with a new Google data center in Wilbarger County, Texas. The agreements include a 20-year Power Purchase Agreements (PPA) for co-located power generation. These coordinated energy projects and powered land will enable Google to rapidly expand its operations to meet demand for core services, while AES will expand its power generation portfolio.

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Amazon Announces Plans to Invest $12 Billion in Data Center Campuses in Louisiana

LCG, February 23, 2026--Amazon today announced plans to invest $12 billion to develop and construct state-of-the-art data center campuses in northwest Louisiana that will support cloud computing technologies. Amazon is partnering with STACK Infrastructure, the developer and owner of the campuses, to lead the construction and development of the data center facilities. Amazon has already invested in solar energy projects in Louisiana, bringing up to 200 MW of new carbon-free energy onto the grid.

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Industry News

Spain's Hidrocantábrico is Takeover Target Again

LCG, Jan. 25, 2001Hidroelctrica del Cantbrico, the fourth-largest Spanish electric power generator, is once again the apple of many eyes, and TXU Europe, once a suitor, says it is now a seller.

Electricidade de Portugal, the Portuguese national power firm 30 percent owned by the government, and Spanish savings bank Caja Asturias confirmed this morning they were about to make a cash bid for Hidrocantbrico and officials of Germany's RWE AG were at the Spanish utility's Asturian headquarters earlier this week pressing their case.

Hidrocantbrico's board on Monday spurned an offer from Ferroatlantica for a 25 percent stake in the company, saying its bid of 19 euros per share did not reflect the true value of the Spanish generator. Germany's Energie Baden-Wrttemberg AG was also rejected by the board.

According to TXU Europe, a subsidiary of Dallas-based TXU Corp., Caja Asturias and Electricidade de Portugal want to buy 100 percent of Hidrocantbrico and are willing to pay 24 euros per share, or $21.91 U.S. TXU said in a statement "This transaction provides TXU Europe with certainty over its exit from Hidroelctrica del Cantbrico at Euro 24 per share."

The offers from Electricidade de Portugal and RWE could meet with resistance from the Spanish government which opposes ownership of Spanish firms by companies which are partly owned by other governments. RWE, Germany's largest electric utility, is more than a third owned by municipal governments.

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