BlackRock-backed Global Infrastructure Partners is reportedly close to securing a $38 billion deal, including debt, for the acquisition of utility giant AES, per a Financial Times report. This move comes amidst a spike in power demand driven by artificial intelligence and the increasing prevalence of data centers.

According to insiders, talks between GIP and AES, headquartered in Virginia, have reached an advanced phase, but there's still a possibility the deal may collapse. Notably, both involved parties, GIP and AES, have refrained from commenting on the ongoing negotiations.

Rising interest in AES primarily stems from significant growth within its renewables sector, a key factor as the global economy pivots to cleaner energy sources. This trend is expected to push U.S. electricity con

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