Glenfarne has secured a USD 500-million investment for its Texas LNG export project in the Port of Brownsville, Texas, from funds and accounts managed by HPS Investment Partners, Glenfarne announced on Monday.
Media reports on the news cited sources in the know that remained unnamed and that said the deal included AES’s substantial debt load, at $29 billion, per the Financial Times. Its market capitalization, on the other hand, was valued at $9.4 billion at the time the first reports about the talks surfaced. Later, Reuters said AES’s market cap has risen to $10.94 billion, giving the potential deal a total value of over $40 billion.