
GIP and Actis announce acquisition of Atlas Renewable Energy by GIP
By GIP
NEW YORK, Oct. 11, 2022 -- Global Infrastructure Partners (GIP), a leading independent infrastructure investor, and Actis, a leading global investor in sustainable infrastructure, jointly announced the completion of the acquisition of Atlas Renewable Energy by GIP.
Atlas is the second largest independent renewables developer in Latin America with 14 fully contracted solar assets that produce 2.3GW of installed capacity, across Brazil, Chile, Mexico and Uruguay.
Atlas Renewable Energy was founded in 2016 by a team of highly-experienced executives, with the support of Actis. From an initial development portfolio, Atlas has increased its installed capacity by 5x over a 4.5 year period. Atlas' approach has been focused on delivering customer-focused energy solutions with the goal of providing green energy at competitive costs through tailor-made, innovative solutions.
Atlas benefits from sector tailwinds in the region, as economic growth and the global energy transition, coupled with the availability of abundant renewable resources, are driving increased demand for renewable energy generation. Atlas is well-positioned to help lead this growth through its differentiated offering, scaled regional presence, and strong existing relationships with customers in the region.
Ronnie Hawkins, Partner of GIP Emerging Markets said: "We are pleased to announce the acquisition of Atlas Renewable Energy, which further enhances GIP's leading global renewables franchise. Atlas adds a large-scale Latin American platform to our solar, wind and battery storage assets in North America, Europe and Asia. We look forward to supporting Atlas' management team and leveraging GIP's extensive experience and relationships to further scale the solar business across other renewable technologies."
Michael Harrington, Actis Partner and Head of Americas, added: "We are immensely proud of the Atlas platform and organization. Building it has called upon our experience and networks across the global renewable energy industry to take it from a restructuring process, to creating one of the region's largest independent renewables businesses and a global sustainability leader. The sale of Atlas marks our fifth renewable platform exit in the Americas, where we have now built and owned over 7 GW of contracted wind and solar capacity, making Actis one of the largest private investors in the energy transition of the region."
Carlos Barrera, CEO, Atlas Renewable Energy commented: "In the past five years Atlas Renewable Energy has experienced a remarkable growth journey that now positions us as a regional leader in delivering competitive, clean energy solutions to large corporate customers. We are grateful for Actis' partnership, trust and commitment during this period. The investment by GIP now marks a new and exciting phase for our company as we expand the business into new markets and new technologies, and continue to deliver tailor-made solutions that help corporates transition to clean energy. We look forward to the road ahead, and to continue to set a high bar in our ESG efforts to promote sustainable development through renewable energy."
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Electric Power (Uruguay)

Uruguay preparing clean energy certificate scheme
“Many multinationals already in Uruguay are requiring this,” says state utility UTE chair Silvia Emaldi.

Uruguay power watch
A transmission project gets an IDB Invest financing package, as the country’s renewables chamber, Auder, prepares to host a regional decarbonizatio...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Electric Power
Get critical information about thousands of Electric Power projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Preparation of the technical file and execution of project work: expansion of rural electrification in the Andoas district, Datem del Marañón province, Loreto region
- Current stage:
- Updated:
1 day ago
- Project: Execution of the work: improvement, expansion of the primary and secondary networks of the towns of the district of Sina, San Antonio de Putina-Puno
- Current stage:
- Updated:
1 day ago
- Project: Preparation of the technical file and execution of project work: expansion of distribution networks in the department of Piura
- Current stage:
- Updated:
1 day ago
- Project: Execution of work: creation of the Jaén rural electrification system IV stage, department of Cajamarca
- Current stage:
- Updated:
1 day ago
- Project: Ana Paula
- Current stage:
- Updated:
1 day ago
Other companies in: Electric Power (Uruguay)
Get critical information about thousands of Electric Power companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Parque Eólico Kiyú S.A.  (Parque Eólico Kiyú)
-
Parque Eólico Kiyú S.A., formerly Cobra Ingeniería Uruguay S.A., is the local subsidiary of Spanish firm Cobra Instalaciones y Servicios S.A., which is part of the Spanish const...
- Company: Luz de Mar S.A.  (Luz de Mar)
-
Luz de Mar S.A. is a subsidiary of Uruguay's Compañía Forestal Uruguaya (Cofusa). Together with Luz de Loma and Luz de Río, it completed the 90MW Pintado wind project located in...
- Company: Tecnourban Uruguay