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Acquisitions
6 Months Ended
Jun. 30, 2017
Business Combinations [Abstract]  
Acquisitions
ACQUISITIONS
sPower In February 2017, the Company and Alberta Investment Management Corporation (“AIMCo”) entered into an agreement to acquire FTP Power LLC (“sPower”) for $853 million in cash, subject to customary purchase price adjustments, plus the assumption of sPower’s non-recourse debt. Upon completion of the transaction on July 25, 2017, AES and AIMCo each own slightly below 50% of sPower. The sPower portfolio includes solar and wind projects in operation, under construction, and in development located in the United States.
Alto Sertao II — In April 2017, the Company entered into an agreement to purchase from Renova Energia S.A. the Alto Sertao II Wind Complex (“Alto Sertao II”) for approximately $180 million, subject to customary purchase price adjustments, plus the assumption of approximately $350 million Alto Sertao II’s non-recourse debt and approximately $30 million of contingent consideration. Alto Sertao II is a wind farm located in Brazil. The transaction closed on August 3, 2017.