| Company type | Private |
|---|---|
| Nasdaq: AY | |
| 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 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]
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]
In December 2024, Atlantica was acquired by Energy Capital Partners and a group of co-investors, leading to its delisting from the NASDAQ. [15] [16]
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] [17] 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. [18] [19] In Europe, Atlantica operates renewable energy projects, particularly in Spain. [20] [21] In South America, Atlantica owns several wind farms in Uruguay. [22]
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. [23] [24] [25]
On May 27, 2024, Atlantica entered into an agreement pursuant to which 100% of its shares would be acquired by Energy Capital Partners and co-investors. In August 2024, Atlantica’s shareholders approved the acquisition, with 97% voting in favor at the general meeting. [26] The acquisition completed in the fourth quarter of 2024. [24] [27]
In December 2024, Atlantica Sustainable Infrastructure completed its acquisition by California Buyer Limited, a subsidiary of Energy Capital Partners and co-investors, through a scheme of arrangement under English law. Following the transaction, Atlantica's ordinary shares were delisted from the Nasdaq Global Select Market. [28] [29]
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