Thank a adjusted EPS our we We last in you, you quarter call, thank XXXX number delivered year morning, made first and $X.XX Since for our and significant progress our full of first outlook. have Ahmed. fronts. on joining financial confident remain Good everyone, of quarter review call.
which to improving implemented streamlining We call, has and continue simplifying Alto call. We Philippines, program allocated announced reducing significantly a reduction our capacity in X by million new derisked contract. $X overall Maipo rewarded including that gigawatts AES signing profile. to our the costs construction fixed-price annual last Gener was Chile the $XXX and Since cost businesses, of our generation, project by the the risk on billion hydro We the transform the our company, and our we sales last closed merchant X rating coal-fired debt, parent of gigawatt in agencies. reduce of
XXX a storage our transportation long-term dollar-denominated profitable long-term our contract to projects Republic. in and from growth signing signing advanced major U.S. We renewable PPAs capacity terminal Dominican than for more of including the megawatts LNG provide and also projects,
our in leader a being innovative to solutions our and to about reduce new applying excited we're customers. operating costs technologies deliver Finally,
the a an used certain with in ownership-adjusted would of down in from entirely to The to discuss $XXX I maximum be close or and When meeting the will country's and subsidiary AES weighting about and have that Strabag XX% to center its which XX-XX commitment and With its XX%. more load XX%, restructuring which guarantees. the contract flow contributed own Lajas, out AES Gener a with mix and we a By with in Alto Maipo the optimistic cash a fixed-price with new signed complex to of lenders that fund provides Alto transfers its contractor, lenders Strabag been will performance to Alfalfal completion Gener into new flow AES million, coal on debt. On date now Maipo maximum project additional and Chile. AES is remaining capacity commit these Maipo up trends, geological AES Gener, Gener $XXX from of advancements fixed-price Strabag, be with the project will sum, up AES lump to exposure additional risk million securing megawatts future diversify detail. for on in hydroelectric have for Santiago completion X. any the these $XXX and like Strabag will Alto week. been agreements contract I significantly Maipo our contribute The to strong reducing of be XXXX, already with from completion, will I own company. debt the up will are to Beginning project in XXX basis, project with all completion the and Alto XXXX, project entered hydroelectric the million. all Maipo. and very executing Slide in funded and give another very pay basis be expected generation to cash Gener's a the am forecast. which Gener Gener's contract also will principal point funding amounts completed to is will AES be can upon factored committing project milestones along nonrecourse this Chile, date, significantly Alto costs. in either Las the AES' risk associated additional near into reduced our has firm near and
management achieve To by annual savings, of goal X. million of structure and XX% commitments. our corporate Slide AES' cost global related and our financial on eliminating Turning long-term strengthen we reduced our will $XXX our cost of including agility, leaner, to business our This units deliver our additional improve improve ability restructured will simpler workforce positions. XX%, savings competitiveness strategic and the to
Turning X. Slide to
of XX% As our Philippines, to an the success sale, multiple attractive at Masinloc the XX. at time, we With are while, derisk closed you the in approximately know, also we reduced coal this asset earnings our Philippines. in just P/E our sale from same merchant recent has to business of allowed the countries. value. exposure sales portfolio Today, us our A our good is which exited of meaningfully example and unlocking X
projects with an in our our combined-cycle starting XXX-megawatt generation our Next, initiatives, update construction. on more With Slide I coal-fired with we plant of replaced efficient Eagle month, cleaner provide beginning operational. profitable natural X, and on became will under IPL's nearly Last half Valley, Valley have with Indiana gas. Eagle you growth
is as Construction operational be combined-cycle XXXX. X, a project planned generation is first Now of our gas and Southland redevelopment is turning the half which of to by Southern our track existing X.X-gigawatt on to proceeding on Slide in California.
track, combined-cycle commissioning in now this first Panama. X of synchronization of project we in completed on steam we April, to is project unit. plant and achieved project and the blow the second In XXX-megawatt Slide Turning the our of Colón and early The year. the half one
facility Panama's LNG will this shipment storage LNG As on and month. we're also the site. is and facility remember, regasification regasification same you first receive may The an complete building
a important as Panama will storage I until overall utilize it LNG to discuss in is does tank strategy unit today completed Republic. in the year. storage next role will floating play the our LNG Dominican is going We shortly. an
Slide we're Hawaii, Kaua'i. turning and megawatts of facilities megawatts X-hour-duration In a XX delivering the XX. of solar solar-plus-storage energy X XX Finally, of of for total to on island storage
these first rest is The solar-plus-storage demand both as are under energy well day. projects peak Once pioneering of the largest they as and installation these of will hours will satisfy represent of construction the completed, world. the during projects the in
construction These are cash our our including proceeding be planned, remaining thermal X, projects plant, contributors to and will growth key through projects under Our XXXX. X.X-gigawatt OPGC flow earnings as in construction India.
Now on to Slide XX.
exposure. been returns deliver We portfolio reshaping reducing our attractive while our shareholders have our to carbon to
natural assuming and long-term On dollar-denominated conservative is a gas values. U.S. focus low contracts. renewable to blended basis, terminal these produce mid-teen Our with to projects investments IRRs, projected on are
investments Mexico. more renewable after-tax made than are the Brazil example, XX% average weighted in For we earning XX% the U.S. and a XXXX in and return in
about wind expect commitments with these costs in investments the development than renewable are platforms partners markets including, and forward, U.S. and we the debt new we global to to returns lower while AES electricity fees; such turbine development management several and using at in of by faster These double-digit earn returns in penetration compelling purchases; and factors, our are sPower Energy. low bringing half and fund the businesses our local driven providing business to Looking PV in and demand as to Distributed utilizing U.S. panel our scale capacity equity growth lower investments; reduce as on focus
of to projects achieved renewable pipeline. Slide Year-to-date, megawatts in significant have XXX development our Turning XX. on the we milestones
the PPAs PPAs of in reforms and XX been U.S., come This Specifically government long-term and In of for The wind, XXX improve are in has Argentina, megawatts government Energy of for a the capacity a now solar. capacity sPower profound process the of will established of implemented sector. public tariffs additional long-term power through for the bidding have and XXX dollars. gigawatts to XXXX. raised between signed solar U.S. Electricity denominated total also Distributed sustainability signed AES online and XXXX long-term XXXX. megawatts
XX% XX% of to will under being either our new capacity under of the XX-year As significantly as which or Slide will by construction remaining equivalent AES can development, average we agreed which you this adding summary, is be XX, gigawatts acquire funded wind will process, installed life, be contract X.X which a project capacity. us project, current the The are to gigawatts part projects dollar-denominated Of of on The has help will are XXX-megawatt signed discuss These In additions which new by of Argentina. XXX% X.X U.S. of shortly. advanced-stage AES added, in projects Tom XXXX, see acquired. a gigawatts Argentina development PPA. capacity our extend are recently contracts. X
as LNG America Next, on partnership XX. the I'd our low-cost advantage positioned expand U.S. and the opportunities growth like platforms, to see of the Central existing to with to and due our ourselves ENGIE. market to of marketing in well Caribbean take exports discuss LNG Slide business knowledge We
own we reexport storage the the LNG X only know, capability. may in you with As terminals Caribbean
tera half storage annual have We which Btus, capacity of only XXX of contracted. is
which is the sixfold customer per potential capacity in tera available year. the grow region, to remaining to demand has to XXX Our meet Btus
we and there last connect from gas signed long-term a our in that with is terminal with gas Republic, our contract on to end, the will we discussed LNG To we transportation. client. demand call, an yesterday, where pipeline East, another generators build As Dominican supply the anchor significant
our capacity returns our We locally. sale our solution of digitalization, not new be on operating not and such any cash new either LNG earn about does drones will funded corp Eastern also as pipeline as to in expect and will technologies, innovative from excess require reduce customers. any to costs the deliver it as applying investment. require attractive The it We're excited to leadership
mature has they're XXX that venture storage current joint gigawatts Fluence, launched its example with installed from energy sales capacity Slide to opportunity. is XXX Our pursuing double and Siemens, an megawatts, our of most will on megawatts XX. recently X.X lithium-ion-based additional contracts
has strategic that capital made more U.S., and platform allows DPL, over call utilities With end Turning digital including a I'll access Simple Tom a over in customers. the Simple investment and serves discuss IPL results, detail. guidance utilities Energy Energy's customer efficiency XX XX financial our to in and Simple modest while Energy. experience. energy to expectations with the Slide improving in XX. million has demand that, turn response digital platform to to to allocation, AES accelerate programs