Misplaced Pages

Atlantica Sustainable Infrastructure (Nasdaq: AY) is a UK-based sustainable infrastructure company headquartered in London. The company operates a diverse portfolio of assets, including renewable energy, efficient natural gas and electric transmission lines across several countries.

History

Atlantica was founded in 2013, established to manage a portfolio of long-term contracted energy and environmental infrastructure assets. The company went public on the NASDAQ in 2014, initially focusing on solar power plants, transmission lines, and water assets. Santiago Seage has served as Atlantica's CEO since its founding in 2013, with a brief departure in 2015.

In 2020, the company rebranded as Atlantica Sustainable Infrastructure to reflect its growing focus on renewable energy and sustainability.

In 2021, Atlantica further diversified its portfolio by acquiring the Coso Geothermal Plant in California, which provides base-load renewable energy. In the same year, Atlantica purchased a 49% stake in a wind portfolio with a total capacity of 596 MW for $196.5 million. Known as Vento II, the portfolio includes four wind assets located across Illinois, Texas, Oregon, and Minnesota.

By the end of 2023, Atlantica's renewable energy portfolio comprised 2,171 MW in operation. In 2024, the company expanded its portfolio further by acquiring two wind assets in Scotland, adding a combined capacity of 32 MW to its operations.

Operations

As of 2024, Atlantica manages assets with a total installed capacity of 2.2 gigawatts (GW) of renewable energy, including solar, wind, and geothermal power plants. The company's portfolio spans several regions: in North America, Atlantica operates the Solana and Mojave solar power plants and holds a 49% stake in a 596 MW wind energy portfolio. In Europe, Atlantica operates renewable energy projects, particularly in Spain. In South America, Atlantica owns several wind farms in Uruguay.

Acquisition

In 2024, Energy Capital Partners (ECP), a U.S.-based private investor in energy transition together with a group of co-investors, announced its plan to acquire Atlantica for $2.555 billion, with a purchase price of $22 per share.

In August 2024, Atlantica’s shareholders approved the acquisition, with 97% voting in favor at the general meeting. The acquisition is expected to be completed in the fourth quarter of 2024 or early 2025.

References

1. "Un grupo de inversores liderado por Energy Capital Partners acuerda adquirir Atlantica por 2.400 millones". Europa Press.
2. "Atlantica Sustainable Infrastructure plc (AY)". Yahoo Finance.
3. Bhattacharjee, Ananya (2023-05-04). "Akuo and Atlantica to Construct Nine Solar Farms in Chile to Accelerate Energy Transition". SolarQuarter. Retrieved 2024-12-04.
4. chiva27 (2024-07-04). "Andalucía apuesta por el impulso de "una política industrial ambiciosa y útil" en el marco de la transición energética y digital". executive-forum (in Spanish). Retrieved 2024-12-04.{{cite web}}: CS1 maint: numeric names: authors list (link)
5. "Atlantica Sustainable Infrastructure PLC - Company Profile and News". Bloomberg.com. Retrieved 2024-12-04.
6. "Solar energy spinoff Abengoa Yield files for a $600 million IPO". 2014-04-01.
7. Agencias (2018-11-22). "Abengoa cierra la venta de Atlantica Yield valorada en 700 millones". Cinco Días (in Spanish). Retrieved 2024-12-04.
8. ^ FORBES (2023-01-23). "Hombre del día: Santiago Seage, CEO y director general de Atlantica Sustainable Infrastructure". Forbes España (in Spanish). Retrieved 2024-12-04.
9. MarketScreener (2020-05-05). "Atlantica Yield plc has Changed its Name to Atlantica Sustainable Infrastructure Plc - MarketScreener". uk.marketscreener.com. Retrieved 2024-12-04.
10. 20minutos (2021-08-04). "Atlantica factura 513 millones de euros hasta junio, un 31% más". www.20minutos.es - Últimas Noticias (in Spanish). Retrieved 2024-12-04.{{cite web}}: CS1 maint: numeric names: authors list (link)
11. Agencias (2024-03-02). "Atlantica gana 40 millones en 2023 y eleva su Ebitda hasta los 734 millones". elconfidencial.com (in Spanish). Retrieved 2024-12-04.
12. Chong, Florence; staff2021-04-09T11:12:00+01:00, I. P. E. "Atlantica buys OMERS Infrastructure's stake in 596MW US wind portfolio". Real Assets. Retrieved 2024-12-04.{{cite web}}: CS1 maint: numeric names: authors list (link)
13. "Atlantica Sustainable Infrastructure PLC, AY:NSQ profile - FT.com". markets.ft.com. Retrieved 2024-12-04.
14. Markosyan, Martina (2024-03-25). "Atlantica snaps up 32 MW of wind assets in Scotland | Renewable Energy News | Renewables Now". renewablesnow.com. Retrieved 2024-12-04.
15. "Atlantica creix al 7%, amb uns ingressos de 919 milions de dòlars". ElNacional.cat (in Catalan). 2024-11-18. Retrieved 2024-12-04.
16. Mesones, Javier; Esteller, Rubén. "Atlantica compra la filial de Abengoa en Mojave y Solana".
17. "Atlantica Yield buys Abengoa's subsidiary in Mojave and Solana concencentrated solar power plants | REVE News of the wind sector in Spain and in the world". 2019-08-13. Retrieved 2024-12-04.
18. "ECP Is in Advanced Talks to Acquire Atlantica Sustainable". Bloomberg.com. 2024-05-02. Retrieved 2024-12-04.
19. Shumkov, Ivan Tsvetanov (2020-08-03). "Atlantica closes green notes offering and unveils EUR-326m solar refinancing | Solar Power News | Renewables Now". renewablesnow.com. Retrieved 2024-12-04.
20. Mesones, Javier; Esteller, Rubén (14 December 2018). "Atlantica Yield crece en eólica con dos plantas en Uruguay y Estados Unidos".
21. "Energy Capital Partners to acquire Atlantica for $2.56 bln". Reuters. 2024-05-28. Retrieved 2024-12-04.
22. "ECP to Buy Atlantica Sustainable for $22 Per Share in Cash". Bloomberg.com. 2024-05-28. Retrieved 2024-12-04.
23. Levingston, Ivan (2024-06-27). "How has private equity shaped the UK economy?". Financial Times. Retrieved 2024-12-04.
24. Markosyan, Martina (2024-08-09). "Atlantica obtains shareholder nod for USD-2.55bn go-private deal | Energy Storage News | Renewables Now". renewablesnow.com. Retrieved 2024-12-04.
25. "ECP to Buy Atlantica Sustainable for $22 Per Share in Cash". Bloomberg.com. 2024-05-28. Retrieved 2024-12-04.
26. "Private Equity Firm Energy Capital Partners to buy Atlantica Sustainable Infrastructure for $2.56 Billion". ESG News. 2024-05-30. Retrieved 2024-12-04.

• Companies listed on the Nasdaq
• Renewable energy companies