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Press Release Investor Contact : Ahmed Pasha 703-682-6451 Media Contact : Amy Ackerman 703-682-6399 AES Reaffirms 7 % to 9 % Annualized Growth Target Through 2025 ; Now Expects to Sign 5 GW of Renewables Under Long - Term Contracts in 2021 Strategic Accomplishments Signed 4 GW of new PPAs for renewable energy projects in year - to - date 2021 , increasing the backlog to 9.2 GW Based on year - to - date 2021 progress , increasing full year 2021 target to sign renewables under long - term PPAS to 5 GW , from 4 GW ● aes Q3 2021 Financial Highlights Diluted EPS of $ 0.48 , compared to ( $ 0.50 ) in Q3 2020 Adjusted EPS¹ of $ 0.50 , compared to $ 0.42 in Q3 2020 ● Received approval from the California State Water Resource Control Board for a two - year extension through 2023 for the ation of the 876 MW Southland Redondo Beach Fluence completed its Initial Public Offering and began trading on October 28 , 2021 Financial Position and Outlook Reaffirming 2021 Adjusted EPS¹ guidance range of $ 1.50 to $ 1.58 ; now expecting low end of the range due to a non - cash adjustment related to equity units issued in March 2021 , as a result of an updated interpretation of accounting literature Reaffirming 7 % to 9 % annualized growth target through 2025 , off a base year of 2020 ARLINGTON , Va . , November 3 , 2021 - The AES Corporation ( NYSE : AES ) today reported financial results for the quarter ended September 30 , 2021 . " We continue to capitalize on our leadership position in the transformation of the electricity sector . With our progress year - to - date , we now expect to add 5 GW of renewables to our backlog this year , representing a 25 % increase from our prior target and 66 % more than in 2020. Our backlog is now the highest in our history at 9.2 GW , with 60 % in the United States , " said Andrés Gluski , AES President and Chief Executive Officer . " At the same time , our positive momentum continues at our AES Next technology businesses , including the public listing of Fluence , a leading pure - play energy storage technology provider and expanding our partnership with Google through the Nest Renew product . " " Our year - to - date financial performance reflects the strength of our underlying business . We remain on track to achieve our 2021 cash flow and credit goals while making good progress in advancing the growth of AES