Sonnedix acquires IPP with 290-MW wind and solar portfolio in Chile
Wind farm in Chile. Author: Diego Correa.
Global independent power producer (IPP) Sonnedix Power Holdings Ltd said on Wednesday that it has finalised the acquisition of Chile-based peer Arco, a platform with 290 MW wind and solar projects in the country.
Sonnedix bought the business from Arroyo, an independent investment manager targeting power and energy infrastructure assets in the Americas, for an undisclosed price. According to Arroyo, Arco has 215 MW of utility-scale renewable power generation assets and 75 MW of distributed generation.
The deal will enable Sonnedix, primarily a solar IPP, to move into the wind power space. With 290 MW from Arco, the company now has over 1 GW of total capacity in Chile, it said.
“Sonnedix has been preparing for the next phase of the energy transition -- providing green, affordable electricity targeted at our customers’ needs -- this acquisition allows us to start to hybridize our generation profile, and is the first step in our journey to become a true customer-oriented, risk-balanced, renewable energy solutions provider,” commented Axel Thiemann, CEO of Sonnedix.
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