It signed long-term contracts for 1.2 GW, thereby increasing its backlog to 12.7 GW as of Mar 31, 2024. To promote clean energy adoption, AES Corp. has also been rapidly retiring its coal-fired units, thereby reducing carbon emissions from its portfolio. In 2023, the company exited or announced the sale or closure of 2.1 GW of coal generation in Vietnam, the United States and Chile.