The American investment company Global Infrastructure Partners (GIP), controlled by BlackRock Inc., has joined the bid of the Swedish investment company EQT AB for the proposed acquisition of the energy company AES Corp. This is reported in the GIP press release.
AES, which has a market value of $10.5 billion ($43 billion, including debt obligations), provides renewable energy sources to large technology companies, including Microsoft Corp.
Electricity producers have become the target of takeover deals amid growing demand for electricity from IT companies using AI applications. In 2025, Blackstone Inc. entered into an agreement to acquire TXNM Energy Inc., and Constellation Energy Corp. — to buy out assets of Calpine Corp.
Global Infrastructure Partners is an American infrastructure investment fund founded as a joint venture between Credit Suisse and General Electric (GE). In October 2024, GIP was acquired by BlackRock. The GIP portfolio includes more than 40 companies. It is headquartered in New York (USA) with offices in London, Sydney, Mumbai, Delhi, Singapore and Hong Kong.
AES Corp. — An American energy company that manages power plants in the USA, Latin America, Vietnam, Jordan and Bulgaria. The company also builds power plants and owns utility companies in El Salvador and the United States (states of Indiana and Ohio). The company uses various types of fuels and technologies (coal, gas, hydropower, wind, solar energy and biomass) to produce electricity. The headquarters is located in Arlington, Virginia.
EQT AB is a Swedish investment company in the field of financial services, investments in private capital, real assets and infrastructure. The headquarters is located in Stockholm (Sweden).
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