Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTMarch 1 (Renewables Now) - Actis announced on Wednesday it has wrapped up the acquisition of more than 1,500 MW of solar photovoltaic (PV) assets in Latin America from bankrupt US developer SunEdison (OTCMKTS:SUNEQ).
The company has acquired 578 MW of contracted projects in operation, construction or advanced stage of development, plus more than 1,000 MW of early-stage projects. It gave no further details about the deal with SunEdison.
The growth markets investor unveiled a commitment amounting to USD 525 million (EUR 499m) to create a Pan-Latin American renewable energy platform called Atlas Renewable Energy and based in Santiago, Chile. The latter will seek to partner with other companies in new projects and to develop its own proprietary pipeline of PV projects across Latin America. Its core markets will be Brazil, Mexico, Uruguay and Chile.
Atlas Renewable will target over 1,500 MW of installed capacity.
Actis noted that Atlas is its fifth power generation platform in Latin America, after investing recently in Mexico, Brazil, Chile and Central America.
(USD 1.0 = EUR 0.950)
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST