The AES Corporation (NYSE: ) has agreed to sell its 47.3% equity interest in AES Brasil to Auren Energia. The sale is part of AES’s strategy to simplify its portfolio and focus on renewable energy investments. AES Brasil operates a 5.2 GW portfolio of renewable energy assets, including hydroelectric, wind, and solar projects. The transaction is expected to close in 4 to 6 months and is subject to customary closing approvals.