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Press Release Investor Contact : Ahmed Pasha 703-682-6451 Media Contact : Amy Ackerman 703-682-6399 ● Strategic Accomplishments Received regulatory approvals at US utilities , AES Indiana and AES Ohio , further enabling planned new investments of more than $ 2 billion to grow the rate base 9 % annually through 2025 ● ● AES Achieves Key Strategic Milestones and Reaffirms Guidance Through 2025 Q2 2021 Financial Highlights Diluted EPS of $ 0.03 , compared to $ ( 0.13 ) in Q2 2020 Adjusted EPS¹ of $ 0.31 , compared to $ 0.25 in Q2 2020 aes ● Signed 1.8 GW of new PPAS for renewable energy projects , bringing total to 2.9 GW signed in year - to - date 2021 and increasing the backlog to 8.5 GW Accelerated decarbonization efforts at AES Andes with the voluntary retirement of an additional 1.1 GW of coal in Chile , to be replaced by 2.3 GW of contracted renewables Moody's changed the outlook on the Company's Ba1 credit rating to positive Financial Position and Outlook Reaffirming 2021 Adjusted EPS¹ guidance range of $ 1.50 to $ 1.58 Reaffirming 7 % to 9 % average annual growth target through 2025 ARLINGTON , Va . , August 4 , 2021 – The AES Corporation ( NYSE : AES ) today reported financial results for the quarter ended June 30 , 2021 . " I am very pleased with our results for the first half of 2021 , " said Andrés Gluski , AES President and Chief Executive Officer . " We are on track to hit all of our financial and growth metrics for the year . Since our last earnings call in May , we signed 1.8 GW of renewables PPAs , more than 90 % of which are in the US , for a total of 2.9 GW year - to - date , nearly double the amount we did in the same period last year . This puts our total backlog of signed projects at 8.5 GW , an all - time high . We see demand for renewables as very strong , especially for our structured around - the - clock carbon - free products . At the same time , we continue to make good progress on our decarbonization targets by also accelerating the retirement of coal plants and growing our energy efficiency and cloud - based businesses . " " Our financial performance for the first half of the year , combined with a positive outlook for the remainder of the year and beyond , lead us to reaffirm our full year 2021 guidance and our 7 % to 9 % average annual growth target in earnings and free cash flow through 2025 , " said Gustavo Pimenta , AES Executive Vice President and