Atlantica (company)
| Company type | Public |
|---|---|
| Nasdaq: AY | |
| ISIN | GB00BLP5YB54 |
| Industry | |
| Founded | 2013 |
| Headquarters | , United Kingdom |
Key people | |
| Revenue | US$1.1 billion (2023) |
Number of employees | 1,400 (2023) |
| Website | www |
| Footnotes / references [1][2] | |
Atlantica Sustainable Infrastructure (Nasdaq: AY) is a UK-based sustainable infrastructure company headquartered in London. The company operates a diverse portfolio of assets, including renewable energy, efficient natural gas and electric transmission lines across several countries.[3][4]
History
[edit]Atlantica was founded in 2013, established to manage a portfolio of long-term contracted energy and environmental infrastructure assets. The company went public on the NASDAQ in 2014, initially focusing on solar power plants, transmission lines, and water assets.[5][6][7] Santiago Seage has served as Atlantica's CEO since its founding in 2013, with a brief departure in 2015.[8]
In 2020, the company rebranded as Atlantica Sustainable Infrastructure to reflect its growing focus on renewable energy and sustainability.[9]
In 2021, Atlantica further diversified its portfolio by acquiring the Coso Geothermal Plant in California, which provides base-load renewable energy.[10][11] In the same year, Atlantica purchased a 49% stake in a wind portfolio with a total capacity of 596 MW for $196.5 million. Known as Vento II, the portfolio includes four wind assets located across Illinois, Texas, Oregon, and Minnesota.[12]
By the end of 2023, Atlantica's renewable energy portfolio comprised 2,171 MW in operation.[13] In 2024, the company expanded its portfolio further by acquiring two wind assets in Scotland, adding a combined capacity of 32 MW to its operations.[14]
Operations
[edit]As of 2024, Atlantica manages assets with a total installed capacity of 2.2 gigawatts (GW) of renewable energy, including solar, wind, and geothermal power plants.[8][15] The company's portfolio spans several regions: in North America, Atlantica operates the Solana and Mojave solar power plants and holds a 49% stake in a 596 MW wind energy portfolio.[16][17] In Europe, Atlantica operates renewable energy projects, particularly in Spain.[18][19] In South America, Atlantica owns several wind farms in Uruguay.[20]
Acquisition
[edit]In 2024, Energy Capital Partners (ECP), a U.S.-based private investor in energy transition together with a group of co-investors, announced its plan to acquire Atlantica for $2.555 billion, with a purchase price of $22 per share.[21][22][23]
In August 2024, Atlantica’s shareholders approved the acquisition, with 97% voting in favor at the general meeting.[24] The acquisition is expected to be completed in the fourth quarter of 2024 or early 2025.[25][26]
References
[edit]- ^ "Un grupo de inversores liderado por Energy Capital Partners acuerda adquirir Atlantica por 2.400 millones". Europa Press.
- ^ "Atlantica Sustainable Infrastructure plc (AY)". Yahoo Finance.
- ^ Bhattacharjee, Ananya (2023-05-04). "Akuo and Atlantica to Construct Nine Solar Farms in Chile to Accelerate Energy Transition". SolarQuarter. Retrieved 2024-12-04.
- ^ chiva27 (2024-07-04). "Andalucía apuesta por el impulso de "una política industrial ambiciosa y útil" en el marco de la transición energética y digital". executive-forum (in Spanish). Retrieved 2024-12-04.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "Atlantica Sustainable Infrastructure PLC - Company Profile and News". Bloomberg.com. Retrieved 2024-12-04.
- ^ "Solar energy spinoff Abengoa Yield files for a $600 million IPO". 2014-04-01.
- ^ Agencias (2018-11-22). "Abengoa cierra la venta de Atlantica Yield valorada en 700 millones". Cinco Días (in Spanish). Retrieved 2024-12-04.
- ^ a b FORBES (2023-01-23). "Hombre del día: Santiago Seage, CEO y director general de Atlantica Sustainable Infrastructure". Forbes España (in Spanish). Retrieved 2024-12-04.
- ^ MarketScreener (2020-05-05). "Atlantica Yield plc has Changed its Name to Atlantica Sustainable Infrastructure Plc - MarketScreener". uk.marketscreener.com. Retrieved 2024-12-04.
- ^ 20minutos (2021-08-04). "Atlantica factura 513 millones de euros hasta junio, un 31% más". www.20minutos.es - Últimas Noticias (in Spanish). Retrieved 2024-12-04.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ Agencias (2024-03-02). "Atlantica gana 40 millones en 2023 y eleva su Ebitda hasta los 734 millones". elconfidencial.com (in Spanish). Retrieved 2024-12-04.
- ^ Chong, Florence; staff2021-04-09T11:12:00+01:00, I. P. E. "Atlantica buys OMERS Infrastructure's stake in 596MW US wind portfolio". Real Assets. Retrieved 2024-12-04.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "Atlantica Sustainable Infrastructure PLC, AY:NSQ profile - FT.com". markets.ft.com. Retrieved 2024-12-04.
- ^ Markosyan, Martina (2024-03-25). "Atlantica snaps up 32 MW of wind assets in Scotland | Renewable Energy News | Renewables Now". renewablesnow.com. Retrieved 2024-12-04.
- ^ "Atlantica creix al 7%, amb uns ingressos de 919 milions de dòlars". ElNacional.cat (in Catalan). 2024-11-18. Retrieved 2024-12-04.
- ^ Mesones, Javier; Esteller, Rubén. "Atlantica compra la filial de Abengoa en Mojave y Solana".
- ^ "Atlantica Yield buys Abengoa's subsidiary in Mojave and Solana concencentrated solar power plants | REVE News of the wind sector in Spain and in the world". 2019-08-13. Retrieved 2024-12-04.
- ^ "ECP Is in Advanced Talks to Acquire Atlantica Sustainable". Bloomberg.com. 2024-05-02. Retrieved 2024-12-04.
- ^ Shumkov, Ivan Tsvetanov (2020-08-03). "Atlantica closes green notes offering and unveils EUR-326m solar refinancing | Solar Power News | Renewables Now". renewablesnow.com. Retrieved 2024-12-04.
- ^ Mesones, Javier; Esteller, Rubén (14 December 2018). "Atlantica Yield crece en eólica con dos plantas en Uruguay y Estados Unidos".
- ^ "Energy Capital Partners to acquire Atlantica for $2.56 bln". Reuters. 2024-05-28. Retrieved 2024-12-04.
- ^ "ECP to Buy Atlantica Sustainable for $22 Per Share in Cash". Bloomberg.com. 2024-05-28. Retrieved 2024-12-04.
- ^ Levingston, Ivan (2024-06-27). "How has private equity shaped the UK economy?". Financial Times. Retrieved 2024-12-04.
- ^ Markosyan, Martina (2024-08-09). "Atlantica obtains shareholder nod for USD-2.55bn go-private deal | Energy Storage News | Renewables Now". renewablesnow.com. Retrieved 2024-12-04.
- ^ "ECP to Buy Atlantica Sustainable for $22 Per Share in Cash". Bloomberg.com. 2024-05-28. Retrieved 2024-12-04.
- ^ "Private Equity Firm Energy Capital Partners to buy Atlantica Sustainable Infrastructure for $2.56 Billion". ESG News. 2024-05-30. Retrieved 2024-12-04.