AES Andes Highlighted Solid Progress in the Implementation of its Greentegra Strategy

The Company, as of today AES Andes, reported on the progress of its renewable transformation strategy and its purpose to accelerate the future of energy together.

Santiago, April 23, 2021.- AES Gener continued to make steady progress in the implementation of its Greentegra transformation strategy during 2020, as reported by the Company’s CEO, Ricardo Manuel Falú, within the framework of the Ordinary Shareholders’ Meeting held today.

“The implementation of our Greentegra strategy, with concrete actions to accelerate the future of energy and combat climate change, is progressing rapidly. With the achievements to date, we have secured our transformation, increasing our renewable capacity by 165% by 2024 and accelerating the closure of the coal-fired plants to the earliest date the system allows, after meeting our contractual commitments.”

“We have managed to preserve the value of our contracts, reduce exposure to coal, strengthen renewable growth, have solid progress in the construction of our projects, ensure financing for green growth and accelerate the decarbonization of our portfolio,” Falú highlighted as the six main milestones of 2020.

The executive ended his presentation with the following messages:

“The COVID-19 pandemic has reminded us how vulnerable and fragile we are, but has also demonstrated how global threats and challenges can be addressed by working together in a coordinated response.”

“Accelerating the future of energy is more than our purpose, it is the mandate of our society. We are aware that our industry is going through very significant changes, and that the path to carbon neutrality is not without its challenges, but at AES Gener we do not see any future which is not 100% renewable.”

During the meeting, the shareholders of AES Gener approved all the matters falling within the jurisdiction of the Shareholders’ Meeting, including the Balance Sheet and Financial Statements for FY 2020, together with the distribution of dividends.

Subsequently, the Company held its Special Shareholders’ Meeting, where the change of the company’s name to AES Andes was approved.

The details of the new name and corporate identity will be delivered by the company in its first AES Week, an event that will take place on May 4 and 5, where it will bring together renowned speakers, leaders of the energy sector, experts in innovation, sustainability and customer centricity, among others, for two days.

Some of the lecturers of the AES Week will be the founder and CEO of Odd Industries, Leo Prieto; the director of the National Hydrogen Center of Spain, Emilio Nieto; the director general of Mercado Libre Chile, Alan Meyer, the general manager of Microsoft Chile and President of the AmCham, Sergio Rademacher, and the writer, columnist and director of The AES Corporation, Moisés Naím, in addition to the executives of AES.

More information about this event can be found at www.aesweek.com