Actis commits US$525 million for new Latin American platform, acquires 1.5GW of SunEdison assets

Core target markets for Atlas Renewable Energy will include Brazil, Mexico, Uruguay and Chile. Image: Slimdandy / Flickr

Growth market investor company Actis has acquired over 1.5GW of solar PV assets from bankrupt SunEdison in Latin America as part of a US$525 million commitment to launch a new Pan-Latin American renewable energy platform — Atlas Renewable Energy.

The deal includes an agreement to acquire 578MW of contracted projects in operation, construction or advanced development stage, as well as over 1GW of projects in early stage development.

Once these projects are completed, the installations are expected to produce enough clean energy to power over 350,000 households, cutting CO2 emissions by over 1.5 million tons.

Core target markets for Atlas Renewable Energy will include Brazil, Mexico, Uruguay and Chile.  Atlas stands as Actis' fifth power generation platform in Latin America, joining fellow investments in Mexico, Brazil, Chile and Central America. The company will be headquartered in Santiago, Chile, and will also feature regional offices in Brazil and Mexico.

Michael Harrington, energy business partner at Actis, said: “The creation of the Atlas Platform represents Actis' commitment to Latin America, recognizing its continued robust potential for renewable energy growth. This business plan will be led by a strong, tested management team with proven track record in the solar industry. We are delighted to back this management team to build and grow Atlas, and feel strongly that this transaction sets off the platform to a great start.”

Read Next

September 23, 2022
Solar accounted for half of all global power generating capacity added last year, with 182GW deployed, a 25% increase on 2020, according to a report from BloombergNEF (BNEF).
September 22, 2022
Tech major Amazon has expanded its renewables portfolio globally with 71 new projects with a total capacity of 2.7GW.
September 16, 2022
Argentinian state-owned energy company YPF Luz has signed agreements with EPSE (Provincial Energy Company of the State) for the development of 500MW solar PV projects in the country.
PV Tech Premium
September 13, 2022
PV Tech Premium explores Chile's distributed generation market, examining its importance to the country's deployment as well as grid constraint issues.
September 13, 2022
Powertis, the project development division of Soltec Power Holdings, has connected a 112.5MW solar PV project in Brazil, the company’s first in the country.
PV Tech Premium
September 2, 2022
With the inauguration of a new R&D facility in Brazil, Nextracker aims to harness the country's knowledge in the utility-scale solar market.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 27, 2022
15:30 AEST (UTC +10)
Solar Media Events
October 4, 2022
New York, USA
On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)