GIP, Actis Announce Acquisition of Atlas Renewable Energy

Power & Energy

Global Infrastructure Partners (GIP), independent infrastructure investor, and Actis, a sustainable infrastructure investor, announced the completion of the acquisition of Atlas Renewable Energy by GIP.

Atlas is the second biggest independent renewables developer in Latin America with 14 fully contracted solar energy assets, which generate 2.3 gigawatt of in installed capacity, across Mexico, Chile, Uruguay, and Brazil. Atlas Renewable Energy was founded in 2016 by a team of experienced executives, with the help of Actis.

From an initial development portfolio, Atlas has increased its installed capacity by five times over a period of 4.5 years. The approach of Atlas has been focused on delivering customer-focused energy solutions with the goal of providing renewable energy at competitive costs through innovative solutions.

Ronnie Hawkins, partner of GIP Emerging Markets, said that they are happy to announce the acquisition of Atlas Renewable Energy that further enhances leading global renewables franchise of Atlas. Ronnie Hawkins added that Atlas adds a large-scale Latin America platform to their wind, solar, and battery storage assets in North America, Asia, and Europe.

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Michael Harrington, Actis Partner and head of Americas, said they are immensely proud of the Atlas platform and organization. Building it has called upon their networks and experience across the global renewable energy industry to take it from a restructuring process to create one of the largest independent renewables businesses in the world.

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