“AES, one of the world’s largest energy companies worth some $37 billion, operates 35,000 megawatts in power plants across the globe. However, within a few weeks, this will all change. By acquiring sPower, this M&A transaction poses a new trend to the renewable energy sector: purchasing larger portfolios verses a project management approach to grow developing assets. On February 24th, AES announced that it plans to acquire sPower in a $853 million cash deal from the private equity firm Fir Tree Partners. sPower is the largest independent solar developer in the United States. As it currently stands, only 200 megawatts of AES’ portfolio is derived from solar energy. This deal will substantially increase the company’s solar energy output. ”