Atlantica Announces the Acquisition of a Development Platform in the U.S.
Atlantica Sustainable Infrastructure (NASDAQ: AY) has completed the acquisition of a development platform in the United States. The acquired platform includes approximately 1.1 GW of solar and wind projects under development in the MISO and SPP regions, spanning Illinois, Colorado, Mississippi, and Texas.
This acquisition complements Atlantica's existing development portfolio, which was previously focused on CAISO and MISO regions. With this addition, Atlantica's U.S. development portfolio now comprises approximately 2 GW of solar and wind projects and 8.5 GWh of storage. The platform includes an experienced development team that joins Atlantica's existing workforce of over 300 people in the US who manage and operate renewable energy assets.
Atlantica Sustainable Infrastructure (NASDAQ: AY) ha completato l'acquisizione di una piattaforma di sviluppo negli Stati Uniti. La piattaforma acquisita comprende circa 1,1 GW di progetti solari e eolici in fase di sviluppo nelle regioni MISO e SPP, che si estendono attraverso Illinois, Colorado, Mississippi e Texas.
Questa acquisizione integra il portfolio di sviluppo esistente di Atlantica, precedentemente focalizzato sulle regioni CAISO e MISO. Con questo nuovo acquisito, il portfolio di sviluppo negli Stati Uniti di Atlantica ora comprende circa 2 GW di progetti solari e eolici e 8,5 GWh di capacità di accumulo. La piattaforma include un team di sviluppo esperto che si unisce alla forza lavoro esistente di Atlantica, composta da oltre 300 persone negli Stati Uniti, che gestiscono e operano attivi nel settore delle energie rinnovabili.
Atlantica Sustainable Infrastructure (NASDAQ: AY) ha completado la adquisición de una plataforma de desarrollo en los Estados Unidos. La plataforma adquirida incluye aproximadamente 1,1 GW de proyectos solares y eólicos en desarrollo en las regiones MISO y SPP, abarcando Illinois, Colorado, Mississippi y Texas.
Esta adquisición complementa el portafolio de desarrollo existente de Atlantica, que anteriormente se centraba en las regiones CAISO y MISO. Con esta adición, el portafolio de desarrollo de Atlantica en EE. UU. incluye aproximadamente 2 GW de proyectos solares y eólicos y 8,5 GWh de almacenamiento. La plataforma cuenta con un equipo de desarrollo experimentado que se une a la plantilla existente de Atlantica de más de 300 personas en EE. UU. que gestionan y operan activos de energía renovable.
아틀란티카 지속 가능한 인프라 (NASDAQ: AY)가 미국 내 개발 플랫폼 인수를 완료했습니다. 인수된 플랫폼은 일리노이, 콜로라도, 미시시피 및 텍사스의 MISO 및 SPP 지역에서 진행 중인 약 1.1 GW의 태양광 및 풍력 프로젝트를 포함합니다.
이번 인수는 이전에 CAISO 및 MISO 지역에 집중하였던 아틀란티카의 기존 개발 포트폴리오를 보완합니다. 이 추가로 아틀란티카의 미국 개발 포트폴리오는 이제 약 2 GW의 태양광 및 풍력 프로젝트와 8.5 GWh의 저장 용량을 포함하게 되었습니다. 플랫폼에는 미국 내 300명 이상의 인력을 관리하고 재생 가능 에너지 자산을 운영하는 아틀란티카의 기존 직원들과 합류하는 경력 있는 개발 팀이 포함됩니다.
Atlantica Sustainable Infrastructure (NASDAQ: AY) a finalisé l'acquisition d'une plateforme de développement aux États-Unis. La plateforme acquise comprend environ 1,1 GW de projets solaires et éoliens en cours de développement dans les régions MISO et SPP, couvrant l'Illinois, le Colorado, le Mississippi et le Texas.
Cette acquisition complète le portefeuille de développement existant d'Atlantica, qui était auparavant concentré sur les régions CAISO et MISO. Avec cet ajout, le portefeuille de développement américain d'Atlantica comprend désormais environ 2 GW de projets solaires et éoliens et 8,5 GWh de capacité de stockage. La plateforme comprend une équipe de développement expérimentée qui rejoint la main-d'œuvre existante d'Atlantica de plus de 300 personnes aux États-Unis, chargées de gérer et d'exploiter des actifs d'énergie renouvelable.
Atlantica Sustainable Infrastructure (NASDAQ: AY) hat den Erwerb einer Entwicklungsplattform in den Vereinigten Staaten abgeschlossen. Die erworbene Plattform umfasst ungefähr 1,1 GW an Solar- und Windprojekten, die in den MISO- und SPP-Regionen in Illinois, Colorado, Mississippi und Texas entwickelt werden.
Diese Akquisition ergänzt das bestehende Entwicklungsportfolio von Atlantica, das zuvor auf die CAISO- und MISO-Regionen fokussiert war. Mit dieser Ergänzung umfasst das US-Entwicklungsportfolio von Atlantica jetzt ungefähr 2 GW an Solar- und Windprojekten und 8,5 GWh an Speicher. Die Plattform verfügt über ein erfahrenes Entwicklungsteam, das zu der bestehenden Belegschaft von über 300 Personen in den USA stößt, die erneuerbare Energieanlagen verwalten und betreiben.
- Expansion of development portfolio by 1.1 GW of solar and wind projects
- Geographic diversification into new regions (MISO and SPP)
- Acquisition includes experienced development team
- Strengthens existing U.S. presence and development capabilities
- None.
Insights
The acquisition of a 1.1 GW development platform marks a strategic expansion for Atlantica, nearly doubling their U.S. development portfolio to 2 GW of solar and wind projects plus 8.5 GWh of storage capacity. The geographic diversification into MISO and SPP regions through projects in Illinois, Colorado, Mississippi and Texas reduces concentration risk and taps into markets with growing renewable energy demand.
The MISO region is particularly noteworthy as it's experiencing significant transmission expansion and renewable integration opportunities. The acquisition strengthens Atlantica's competitive position by adding experienced development personnel and complementary assets to their existing 300-person U.S. team. This vertical integration enhances project execution capabilities and potential returns by capturing development premiums.
For investors, this represents a calculated move into earlier-stage project development, which typically offers higher returns but comes with increased development risks. The diversified geographic footprint across multiple power markets provides natural hedging benefits and multiple paths to value creation.
The timing of this acquisition aligns with favorable market dynamics in the U.S. renewable sector. The MISO and SPP regions are experiencing substantial growth in renewable energy demand, driven by corporate sustainability goals and state-level clean energy mandates. The development platform's strategic locations in states with strong renewable energy policies and robust transmission infrastructure development plans enhance the probability of successful project execution.
The platform's development portfolio focuses on solar and wind projects, which benefit from the Inflation Reduction Act's tax incentives and have seen declining costs. The addition of storage capabilities is particularly valuable as grid integration challenges increase the premium for dispatchable renewable power. This positions Atlantica to capitalize on the growing demand for hybrid renewable plus storage projects, which typically command higher power purchase agreement prices.
Atlantica Announces the Acquisition of a Development Platform in the U.S.
December 19, 2024 – Atlantica Sustainable Infrastructure plc (NASDAQ: AY) (“Atlantica” or the “Company”), announced today that it has completed the acquisition of a development platform in the United States. The platform includes approximately 1.1 GW of solar and wind projects under development located in the MISO and SPP regions, including projects in Illinois, Colorado, Mississippi and Texas.
The new platform complements Atlantica’s own development portfolio which prior to this acquisition included projects located mostly in the CAISO and MISO regions. The new portfolio reinforces Atlantica’s growing presence in the MISO region, where Atlantica has been developing storage and solar projects during the last few years. With this addition, Atlantica’s development portfolio in the United States consists of approximately 2 GW of solar and wind projects and 8.5 GWh of storage.
The new platform includes an experienced small development team that complements Atlantica’s existing team in the United States and positions the Company to continue capturing growth opportunities.
Atlantica has a team of over 300 people in the US who manage and operate a fleet of solar, wind, geothermal and storage assets and who are developing new renewable energy projects.
About Atlantica
Atlantica Sustainable Infrastructure plc is a sustainable infrastructure company that owns a diversified portfolio of contracted renewable energy, storage, efficient natural gas, electric transmission and water assets in North & South America, and certain markets in EMEA (www.atlantica.com).
| Chief Financial Officer Francisco Martinez-Davis E ir@atlantica.com | Investor Relations & Communication Leire Perez E ir@atlantica.com T +44 20 3499 0465 |
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