Investor now owns 100% of factories in Chile and Peru after dissolution of the joint venture with Solarpack.
The recent transaction concluded by Ardian reinforced its controlling position within the solar asset market in Latin America. With the acquisition of three solar plants in northern Chile and one in southern Peru, totaling almost 50 MW of capacity, Ardian strengthened its presence in the region and reinforced its commitment to renewable energy. This strategic decision reflects Ardian's vision of consolidating and strengthening its operations in the clean energy market in Latin America, ensuring greater control and autonomy for the development of its projects. in the solar sector.
Ardian completed the transaction with Solarpack, renewable energy company based in Spain, to optimize its portfolio of solar plants in Chile and Peru. This dissolved partnership will allow Ardian to have 100% ownership over its solar assets in the region, aligning with its strategic vision to improve operational efficiency and seamlessly integrate solar PV plants into its renewable portfolio. Additionally, Ardian terminated existing asset management agreements with Solarpack, paving the way for AGR-AM, the renewable asset manager dedicated exclusively to Ardian's portfolio in Spain and Latin America, assume direct management responsibilities. This strategic change aims to align asset management with Ardian's core objectives and leverage AGR-AM's extensive experience in optimizing renewable assets in Spain, Portugal and Latin America.
Ardian, a Manager global private asset portfolio, announced a transaction de j with a leading company in the renewable energy sector. The company Ardian and its partner agreed to to dissolve its existing joint venture and form a new organization, aiming to increase the operational efficiency and expand your Portfolio of photovoltaic and hydroelectric assets.
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The transaction marks a significant milestone for Ardian, which will strengthen its position as a leading renewable energy investment company. The company plans to terminate its agreements existing assets related to photovoltaic and hydroelectric assets, transferring responsibilities to the new structure organizational.
Ardian is confident that the new joint venture will bring significant benefits to both parties, enabling more effective management of existing assets and the exploration of new investment opportunities in the renewable energy sector. The company remains committed to seeking strategic investments that drive the growth of its portfolio and add value to its investors.
Furthermore, Ardian emphasized its ongoing commitment to sustainability and the development of innovative solutions in the renewable energy sector. The company expects the new joint venture to strengthen its market position and contribute to advancing the company's sustainability goals.
With this transaction, Ardian reaffirms its commitment to seeking strategic and innovative partnerships that drive the growth and expansion of its portfolio of assets in the renewable energy market. The company is confident that the new joint venture will bring significant benefits and reinforce its position as a leader in the renewable energy sector.