Aes Argentina

What Aes Argentina does

AES Argentina Generación S.A. is a wholly-owned subsidiary of The AES Corporation (NYSE: AES), a Fortune 500 global energy company, operating as one of Argentina's largest private power generators with 2,985 MW of installed capacity across nine facilities: four hydroelectric plants (under concessions in Salta, San Juan, and Patagonia), three thermal plants, and two wind farms (Vientos Bonaerenses in Buenos Aires Province and Vientos Neuquinos in Neuquén), supplemented by 16 MW of battery energy storage at Central Térmica San Nicolás. The company achieved 34% market share in Argentina's renewable energy generation market (excluding self-generation) in 2020 following the inauguration of 200 MW of wind capacity.

The company's technology stack spans lithium-ion battery storage (developed through the Fluence joint venture with Siemens), the 5B MAVERICK modular solar platform, LNG infrastructure in the Caribbean, and smart distribution networks. Revenue is generated primarily through long-term power purchase agreements with the Argentine grid operator CAMMESA and direct contracts with large industrial customers, utilities, and government entities. The business model is B2B enterprise sales with customized energy solutions delivered through clean energy advisor services. AES Argentina is expanding into hydrogen through Consorcio H2ar and continues to issue green bonds (first in the Argentine market in 2020) to fund renewable capacity additions.

The strategic posture reflects parent AES Corporation's "Global x Local" model, with subsidiaries in 15+ countries across four continents. Key partnerships include Google (24/7 carbon-free energy supply for Virginia data centers), Energas (EnaDom JV converting 750 MW from petroleum to natural gas in Dominican Republic), KIUC (Lāwa'i solar+storage in Hawaii), and Siemens (Fluence energy storage). The company holds ISO 45001 certification at approximately 62% of locations and has been recognized by Ethisphere as one of the World's Most Ethical Companies for seven consecutive years through 2020.

Name

Aes Argentina

Legal name

AES Argentina Generación S.A.

Website

https://www1.aesargentina.com.ar

Company type

Public

Founded year

1993

Operating status

Operating

Short description

AES Argentina is a wholly-owned subsidiary of AES Corporation (NYSE: AES) operating nine power generation plants totaling 2,985 MW across hydroelectric, thermal, wind, and battery storage, serving the Argentine grid, large industrial customers, and utilities through long-term power purchase agreements and customized clean energy solutions.

Ownership category

akta.pro rank

Product category

Power Generation and Renewable Energy

NAICS

Wind Electric Power Generation (221115), Electric Power Generation (22111)

SIC

Electric Services (4911)

akta.pro primary industry

Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)

Keywords

• Power generation services
• Renewable energy solutions
• Battery energy storage
• Electricity generation
• LNG infrastructure

Headquarters

HQ city

Buenos Aires

HQ country

Argentina

HQ region

Latin America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Power Generation and Sale: AES Argentina generates electricity through a diversified portfolio of nine power plants (four hydroelectric, three thermal, two wind farms) totaling 2,985 MW installed capacity, plus 16 MW of battery storage. Revenue is generated through the sale of electricity to the grid, industrial customers, and utilities.
2. Energy Storage Services: AES provides battery energy storage solutions through proprietary projects and the Fluence joint venture, enabling grid operators and distributors to reduce dependence on thermal generation.
3. LNG Infrastructure and Supply: AES operates LNG terminals in Dominican Republic and Panama, supplying natural gas for power generation, industrial use, commercial applications, and transportation sector.
4. Digital Energy Efficiency Services: Through Uplight (significant equity stake), AES offers cloud-based digital energy efficiency services including behavioral programs, energy education, and technology enablement for utility customers.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels10 records

Core offering

AES Argentina generates and sells electricity through a diversified portfolio of nine power plants (four hydroelectric, three thermal, two wind farms) totaling 2,985 MW installed capacity plus 16 MW of battery storage. The company provides clean energy solutions (wind, solar, hydro), LNG-based fuel infrastructure, battery storage services, and energy advisory (Clean Energy Navigator) to industrial customers, utilities, and the Argentine grid operator (CAMMESA). Its offerings span renewable generation, smart distribution networks, and natural gas infrastructure enabling fuel conversion from petroleum.

Product overview

AES Argentina operates as a power generation company offering an integrated portfolio of energy solutions organized into four core product categories: New Clean Energy (renewable generation), Advanced Energy Networks (smart distribution), Cleaner Reliability (LNG-based generation and fuel logistics), and Scalable Ecosystems (shared platforms). The portfolio includes specific assets such as wind farms (Vientos Neuquinos, Vientos Bonaerenses), hydroelectric plants, thermal plants, and battery storage. Digital services include the Clean Energy Navigator advisory service and the Uplight energy efficiency platform. Infrastructure includes LNG terminals in the Caribbean. The company targets business customers seeking to transform their energy profiles and achieve sustainability objectives.

Differentiator

Problem solved

Functional benefit

Products and services

• New Clean Energy (Nueva energía limpia) Renewable energy solutions including solar and wind power generation for organizations seeking to achieve sustainability goals and clean energy targets.
• Advanced Energy Networks (Redes avanzadas de energía) Intelligent distribution platforms providing real-time energy data, insights, and control through next-generation distribution infrastructure for optimizing business operations.
• Cleaner Reliability (Fiabilidad más limpia) Sustainable energy security through resilient power generation based on LNG, structured supply solutions, and fuel logistics infrastructure ensuring reliable energy delivery.
• Scalable Ecosystems (Ecosistemas escalables) Scalable shared platforms and applications enabling organizations to benefit from industry-wide scale through collaborative platforms and new product development.
• Clean Energy Navigator Energy advisory service providing customized strategy design and delivery support as an energy partner to help organizations navigate the complex energy landscape and achieve business objectives.
• LNG Terminals Liquefied natural gas terminal operations in the Caribbean region (Dominican Republic and Panama) enabling fuel conversion from petroleum to cleaner-burning natural gas.
• Battery Energy Storage Lithium-ion battery-based energy storage solutions developed through Fluence (joint venture with Siemens) enabling integration of solar, wind, and distributed generation resources.
• Air Quality Monitoring Program Voluntary air quality monitoring program in San Nicolás with certified sensor stations measuring NOx, SO2, PM10, PM2.5, supported by SCADA system for data storage and automated reporting.
• Vientos Bonaerenses Wind Farm and Battery Storage Wind energy generation asset located in Buenos Aires Province, paired with battery energy storage at Central Térmica San Nicolás, began operations in 2019 as part of AES Argentina's clean energy expansion.
• Vientos Neuquinos Wind Farm Wind energy generation asset located in Neuquén Province, inaugurated in 2020 contributing to AES Argentina's 200 MW of clean energy capacity that year.

Quantifiable outcome

• 34% renewable market share in Argentina (excluding self-generation), achieved in 2020
• +6 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

15 partnerships are on record, tiered core and minor.

• 5BcoreStrategic or Co-development Partner · 30 July 2020Strategic partnership to deploy 5B's MAVERICK modular solar technology globally. 5B is a solar innovation leader with the MAVERICK solution that deploys 2X more solar energy, 3X faster, with 50% less area. AES combines its track record of scaling energy innovation with 5B's technology to accelerate solar adoption worldwide. Initial projects include 2 MW in Panama and 10 MW in Chile's Los Andes solar expansion.
• SiemenscoreStrategic or Co-development PartnerFluence, the joint venture between AES and Siemens, is a world-leading energy storage technology provider. Fluence offers grid-scale battery storage solutions and was recognized as S&P Global Rising Star. AES has over a decade of battery storage experience through this partnership.
• GooglecoreStrategic or Co-development PartnerAES announced first-of-its-kind agreement to supply 24/7 carbon-free energy for Google's data centers in Virginia. This landmark partnership supports Google's climate goals to eliminate its carbon footprint and operate data centers with carbon-free energy.
• Kaua'i Island Utility Cooperative (KIUC)coreStrategic or Co-development PartnerPartnership with KIUC to develop the Lāwa'i Solar + Storage Project - the world's largest operating solar and storage facility. Project provides reliable, carbon-free energy to 33,000 customers on Kaua'i, Hawaii, helping reduce high electricity costs and dependence on imported fossil fuels.
• UplightcoreTechnology or IntegrationAES holds significant equity stake in Uplight, a B Corp leading cloud-based digital energy efficiency services. Uplight works with 80+ utilities providing behavioral efficiency programs and technology enablement. Through Uplight's programs, customers have saved over 5.3 TWh of electricity usage.
• LIDE ArgentinaminorOthersBusiness leaders group affiliation for networking and industry collaboration in Argentina.
• AGEERAminorOthersAssociation of Electric Power Generators of the Argentine Republic - industry association membership.
• Cámara Argentina de Energías RenovablesminorOthersArgentine Chamber of Renewable Energies - industry association membership for renewable energy sector.
• AmCham ArgentinaminorOthersAmerican Chamber of Commerce in Argentina - bilateral trade and investment facilitation.
• UNAMOS San NicolásminorStrategic or Co-development PartnerEnvironmental coalition of NGOs focused on environmental protection, particularly in the San Nicolás area where AES operates its thermal power plant. AES participates in this multi-stakeholder environmental initiative.
• Cámara Eólica ArgentinaminorOthersArgentine Wind Energy Chamber - industry association membership for wind energy sector participation.
• Consorcio H2arminorStrategic or Co-development PartnerHydrogen consortium in Argentina focused on developing green hydrogen opportunities. AES participates in hydrogen research and development initiatives.
• Fundación CONINminorStrategic or Co-development PartnerCONIN Foundation promotes community wellbeing and development. AES Argentina conducts projects aligned with CONIN to address various community needs including child nutrition and development programs.
• Fundación Nutrir SaltaminorStrategic or Co-development PartnerNutrir Salta Foundation focused on child nutrition and development. AES Argentina partners with this organization for community welfare programs near its Salta operations.
• Manos que DanminorStrategic or Co-development PartnerSocio-educational project with a hand-heart logo. AES Argentina partners with this initiative for community development and social impact programs.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• YPF Luz: YPF Luz is Argentina's largest private power generator and a direct competitor to AES Argentina in renewable and thermal generation across the Argentine market. Both companies sell electricity to CAMMESA and large industrial customers under similar regulatory frameworks.
• Central Puerto: Central Puerto is one of Argentina's largest private-sector power generation companies with a diversified portfolio of thermal, hydroelectric, and wind generation. They compete directly with AES Argentina for grid contracts and industrial customers in the Argentine market.
• Pampa Energía: Pampa Energía is a major integrated energy company in Argentina with significant power generation capacity across thermal, hydroelectric, and wind assets. They directly compete with AES Argentina in renewable energy tenders and grid-scale generation.
• Genneia: Genneia is a leading Argentine renewable energy generator focused on wind and solar power. They compete directly with AES Argentina's wind farms (Vientos Bonaerenses and Vientos Neuquinos) for market share in the Argentine renewable generation segment.

Broad incumbents

• AES Corporation: The AES Corporation is the parent company of AES Argentina and itself operates across multiple markets globally. As a broad incumbent with operations across 4 continents, AES Corporation provides the strategic and capital framework for AES Argentina's local operations.
• Engie Latin America: Engie is a global energy utility with significant Latin American operations including renewable generation in Brazil, Chile, and Argentina. As a broad incumbent, they compete with AES Argentina for renewable energy projects and corporate clean energy customers in the region.
• Enel Argentina: Enel Argentina is the local subsidiary of Italian multinational Enel Group, operating in power generation and distribution in Argentina. They compete with AES Argentina across renewable and conventional generation and share the broader Latin American energy transition opportunity.
• Acciona Energía: Acciona Energía is a major Spanish renewable energy developer with growing Latin American presence. As a global renewable energy incumbent, they compete with AES Argentina for wind and solar project development across the region.
• Iberdrola Renovables: Iberdrola is one of the world's largest renewable energy developers with operations across the Americas. As a broad incumbent, they represent the type of large global competitor that AES Argentina must compete against for major renewable energy projects and corporate PPAs.

Emerging players

• Fluence Energy: Fluence Energy is the AES-Siemens joint venture for battery energy storage solutions, now publicly traded (NASDAQ: FLNC). While partially owned by AES, Fluence competes in the global battery storage market that underpins AES Argentina's storage-integrated renewable offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/login
• YouTubeyoutube.com/channel/UCIDWp-kWBS06J78F7NPyBoQ
• Facebookfacebook.com/TheAESCorporation
• LinkedInlinkedin.com/company/aesargentina
• Instagraminstagram.com/theaescorp

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aes Argentina