Sonnedix acquires 290MW solar & wind platform in Chile – EQ Mag Pro
SANTIAGO, Chile : Sonnedix, the international renewable energy producer (REP), has completed the acquisition of ARCO, one of the largest independent renewable power producers in Chile. Arroyo Investors (“Arroyo”) established ARCO to pursue investment opportunities in the renewable generation markets in Chile.
Axel Thiemann, CEO of Sonnedix, affirmed: “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”.
“I feel tremendously proud of our extraordinary team for this important milestone for our company” – said Carlos Guinand, Executive Chairman of Sonnedix. “Since we began in Chile ten years ago, we have been deeply committed to helping the country to meet its renewable power targets, playing an active role in the energy transition. This transaction demonstrates our long-term commitment, but also our interest in becoming a key player in the Chilean market.”
David T. Field, a Founding Partner at Arroyo, stated: “Establishing and growing the renewables generation portfolio of assets within ARCO has been a milestone achievement for Arroyo. The transaction to sell ARCO to Sonnedix, a world-class renewables company, is a resounding achievement for both Arroyo and the strong leadership team at ARCO, affirming our collective vision and commercial execution.”
With this acquisition, Sonnedix enters the wind generation space in Chile, where they have been present as a solar IPP since 2015. The company adds now 290MW of renewable energy projects to its portfolio, reaching over 1GW of total capacity in Chile, and 7.4GW globally.
About Sonnedix
Sonnedix is an international Renewable Energy Producer (REP) with over a decade-long trajectory of sustainable growth. Sonnedix develops, builds, and operates renewable energy projects for the long-term, with a focus on providing green, affordable electricity to our customers, and acting as a true social citizen there where it operates.
Sonnedix currently has a total capacity of over 7GW, including a development pipeline of more than 5GW, across Chile, France, Germany, Italy, Japan, Poland, Spain, USA, and UK. The company continues to expand its global footprint across OECD countries, through acquisitions and development of renewable energy projects.
About Arroyo
Arroyo Investors is an independent private equity fund manager with an investment focus in infrastructure projects throughout the Americas. Arroyo is based in Houston, Texas with an office in Santiago, Chile. Arroyo focuses on power and related infrastructure investments including natural gas transportation and storage, conventional and renewable power generation, energy storage and fuel logistics. Arroyo integrates an asset’s environmental and social qualities into its investment decisions. The firm currently owns investments in the United States, Mexico and Chile.
Source: sonnedix
