Rumor
BlackRock's GIP and EQT AB reportedly team up to acquire renewable energy provider AES Corp
Tuesday, February 3, 2026 at 07:26 AM
Global Infrastructure Partners (GIP), owned by BlackRock, and EQT AB are reportedly in talks to acquire AES Corp. The deal, which could be announced within weeks, highlights the growing demand for renewable energy assets to support the power requirements of AI hyperscale data centers.
Context
BlackRock’s Global Infrastructure Partners (GIP) and EQT AB are reportedly in advanced talks to acquire AES Corp, a leading provider of renewable energy. The potential deal, which could be finalized in the coming weeks, values the utility at a $10.5 billion market cap with a total enterprise value of roughly $43 billion. This move signals a significant consolidation in the energy sector as private equity firms scramble to control the infrastructure powering the next phase of the digital economy.
This acquisition is particularly relevant to the AI supply chain because AES Corp is a vital partner for hyperscalers like Microsoft, providing the carbon-free electricity required to run massive data center expansions. As the demand for AI chips and cloud computing outstrips current grid capacity, securing reliable energy sources has become a strategic priority. For investors, this deal illustrates how the AI boom is transforming power assets into critical, high-value components of the broader technology ecosystem.
Related Companies
Microsoft
MSFT
AES
AES
BlackRock
BLK