GIP And ACTIS Announce Acquisition of Atlas Renewable Energy by GIP – EQ Mag Pro
Global Infrastructure Partners (“GIP”), a leading independent infrastructure investor, and Actis, a leading global investor in sustainable infrastructure, jointly announced the completion of the acquisition of Atlas Renewable Energy (“Atlas” or “the Company”) by GIP.
Atlas is the second largest independent renewables developer in Latin America with 14 fully contracted solar assets that produce 2.3GW of installed capacity, across Brazil, Chile, Mexico and Uruguay.
Atlas Renewable Energy was founded in 2016 by a team of highly-experienced executives, with the support of Actis. From an initial development portfolio, Atlas has increased its installed capacity by 5x over a 4.5 year period. Atlas’ approach has been focused on delivering customer-focused energy solutions with the goal of providing green energy at competitive costs through tailor-made, innovative solutions.
Atlas benefits from sector tailwinds in the region, as economic growth and the global energy transition, coupled with the availability of abundant renewable resources, are driving increased demand for renewable energy generation. Atlas is well-positioned to help lead this growth through its differentiated offering, scaled regional presence, and strong existing relationships with customers in the region.
Ronnie Hawkins, Partner of GIP Emerging Markets said: “We are pleased to announce the acquisition of Atlas Renewable Energy, which further enhances GIP’s leading global renewables franchise. Atlas adds a large scale Latin American platform to our solar, wind and battery storage assets in North America, Europe and Asia. We look forward to supporting Atlas’ management team and leveraging GIP’s extensive experience and relationships to further scale the solar business across other renewable technologies.
Carlos Barrera, CEO, Atlas Renewable Energy commented: “In the past five years Atlas Renewable Energy has experienced a remarkable growth journey that now positions us as a regional leader in delivering competitive, clean energy solutions to large corporate customers. We are grateful for Actis’ partnership, trust and commitment during this period. The investment by GIP now marks a new and exciting phase for our company as we expand the business into new markets and new technologies, and continue to deliver tailor-made solutions that help corporates transition to clean energy. We look forward to the road ahead, and to continue to set a high bar in our ESG efforts to promote sustainable development through renewable energy.”
Source: act
