Ardian and Solarpack close a transaction for their photovoltaic portfolio in Chile and Peru

The private investment firm Ardian has announced the closing of a transaction with Solarpack, a renewable energy company based in Spain, to optimize Ardian's portfolio of solar plants in Chile and Peru. The end of this partnership will allow each partner to retain 100% ownership of their respective solar plant portfolios. Therefore, Ardian now owns 100% of a portfolio of three plants located in northern Chile, totaling 26.5 megawatts (MW), and 100% of Tacna, a 22.2 MW solar photovoltaic plant in southern Peru. For its part, Solarpack has acquired all of Panamericana, with a capacity of 21.2 MW, and 100% of Moquegua, which has a capacity of 19.4 MW. Both photovoltaic solar plants are located in southern Peru.

In addition, Ardian has also terminated the asset management agreements it had with Solarpack for the assets it retained, paving the way for AGR-AM, the renewable asset manager dedicated exclusively to Ardian's portfolio in Spain and Latin America, assume management responsibilities directly. This strategic change aims to align asset management with Ardian's main objectives and take advantage of AGR-AM's extensive experience in optimizing renewable assets in Spain, Portugal and Latin America, according to the company itself. This new structure allows Ardian to gain full control of the plants, manage them more directly and integrate them with the rest of the Ardian Clean Energy Evergreen Fund (Aceef) portfolio, including the recently acquired hydroelectric plants in Peru.