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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

Peru Does Not Charge Belgian Energy Co. With Corruption

LCG, June 19, 2002--Belgian energy company Tractabel, which is a unit of French company Suez, says it is not being investigated for participating in corruption in Peru.

Earlier today the Dow Jones reported that Tractabel was charged with bribing former Peruvian president Alberto Fujimori; a Tractabel spokesman reportedly said it amounted to $10 million worth of monetary encouragement since 1996.

Later today, Tractebel said that, in fact, the company faced no such charges in Peru or anywhere else.

A spokesman from the company reportedly said that Tractebel had always denied this charge. The company also denies that a witness reportedly sought in the alleged investigation, Pierre Bocquet, ever worked for Tractebel in Latin America.

This very contentious charge, alleging corruption in Peru, comes directly after Tractabel bid successfully for Peruvian energy companies Egasa and Egesur.

The sale of state-owned assets led to a pitched political battle, and protests over the weekend promped the cancellation of flights when protestors walked onto runways. Riots in Arequipa induced the government to announce a state of emergency. Many Peruvians fear that money from sales will be spent foolishly.

The former president meanwhile faces charges of abandoning office and embezzlement; Alberto Fujimori has been living in Japan since 2000, when the Peruvian government collapsed.

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