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AES Buys Distributed-Generation Solar Company Main Street Power

AES Corp., a power producer with operations in 18 countries on four continents, bought the solar developer Main Street Power Co. to expand its distributed-generation business.

The all-cash deal gives AES about 60 megawatts of solar capacity across the U.S. and another 100 megawatts under development in the U.S., Caribbean and Latin America, AES said today in a statement. Main Street Power, based in Boulder, Colorado, has been renamed AES Distributed Energy and will retain its existing leadership. Terms weren’t disclosed.