Private equity investor Actis has set up Atlas Renewable Energy in Latin America to operate and develop more than 1.5GW of solar projects acquired from SunEdison.
The deal includes 578MW of projects in operation, construction or at an advanced development stage, and more than 1GW in early stage development.
Actis said Atlas Renewable Energy will partner on new projects as well as develop its own proprietary pipeline.
Core markets will include Brazil, Mexico, Uruguay and Chile, it said.
Atlas is Actis’ fifth power generation platform in Latin America, following investments in Mexico, Brazil, Chile and Central America.
The company will be headquartered in Santiago, Chile, and will have regional offices in Brazil and Mexico.
Atlas Renewable Energy chief executive Carlos Barrera said: “Actis is the undisputed leader in setting up successful platforms in Latin America and other growth markets globally.
“We look forward to working with them to position Atlas Renewable Energy as one of the leading renewable platforms in Latin America.”
Image: SunEdison
Actis maps Latin solar growth
New company set up after acquisition of 1.5GW pipeline from SunEdison
By EBS