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How much capex AES Andes may deploy in 2026-29
Rating agency Fitch has affirmed AES Andes’ ‘BBB-’ debt rating, with a key assumption being that the regional generator’s total capital expenditure will reach US$260mn between 2026 and 2029. This capex includes maintenance, and expansion projects are expected to be financed through cash flow, new contracts, and partnerships. AES Andes employs an “asset-light” strategy, selling projects to an indirectly owned company and then purchasing power through long-term agreements, which limits direct capex.