12/13 Closing Prices / revised 12/12/2024 21:59 GMT |  12/12 OPEC Basket $73.36 +$0.91 cents 12/13 Mexico Basket (MME)  $66.23 +$1.02 cents   10/30 Venezuela Basket (Merey) $58.30   +$3.39 cents  12/13 NYMEX Light Sweet Crude  $71.29 +$1.27 cents | 12/13 ICE Brent  $74.44 +$1.08 cents | 12/13 Gasoline RBOB NYC Harbor  $2.0 +0.07 % | 12/13 Heating oil NY Harbor  $2.27 +0.05 % | 12/13 NYMEX Natural Gas   $3.28 -5.1% | 12/13  Active U.S. Rig Count (Oil & Gas)  589 + 7 | 12/13 USD/MXN Mexican Peso $20.1257 (data live) 12/13 EUR/USD Dollar  $1.0501 (data live) | 12/16 US/Bs. (Bolivar)  $50.33190000 (data BCV) | Source: WTRG/MSN/Bloomberg/MarketWatch/Reuters

GIP in Talks to Buy $2 Billion LatAm Renewables Firm Atlas

The silhouette of a GE-Alstom wind turbine is seen standing in the water off Block Island, Rhode Island, U.S. ( Eric Thayer/Bloomberg )

Dinesh Nair and Manuel Baigorri, Bloomberg News

LONDON/HONG KONG
EnergiesNet.com 02 24 2022

Global Infrastructure Partners is in talks to acquire clean energy company Atlas Renewable Energy, people familiar with the matter said, in a deal that would bolster the investment firm’s presence in Latin America.

New York-based GIP is in advanced negotiations on a potential purchase of Atlas from its private equity owner Actis, the people said. A deal could value Miami-based Atlas at more than $2 billion including debt, the people said, asking not to be identified because the matter is private.

Atlas has also attracted interest from other suitors, the people said. There’s no certainty the discussions will lead to an agreement, and another buyer could still emerge, according to the people. Representatives for Actis and GIP declined to comment. 

Launched in 2017, Atlas develops, builds and operates solar and wind projects in countries such as Brazil, Chile, Mexico and Uruguay, according to its website. It counts about 2.3 gigawatts of contracted projects, and it aims to expand by an additional 4 GW in the coming years. Founded in 2004, Actis is a global investor in sustainable infrastructure with about $15 billion in assets under management, its website shows.

GIP is a global infrastructure fund with about $77 billion in assets under management, according to its website. It targets assets in sectors such as energy, transportation, digital, water and waste.

Actis, which focuses on sustainable infrastructure deals, said in October it had secured $4.7 billion of commitments for its latest energy fund. Including co-investment opportunities, the firm will be able to deploy $6 billion of capital, according to a statement at the time. 

bloomberg.com 02 243 2022

Share this news


 EnergiesNet.com

About Us

 

By Elio Ohep · Launched in 1999 under Petroleumworld.com

Information & News on Latin America’s Energy, Oil, Gas,
Renewables, Climate, Technology, Politics and Social issues

Contact : editor@petroleuworld.com


CopyRight©1999-2024, Petroleumworld.com
, EnergiesNet.com™  /
Elio Ohep – All rights reserved
 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission fromPetroleumworld or the copyright owner of the materia