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December 14, 2020 – Atlantica Sustainable Infrastructure plc (NASDAQ:AY), the sustainable infrastructure company that owns a diversified portfolio of contracted assets in the energy and environment sectors, announced today that it has reached an agreement with a subsidiary of Algonquin Power & Utilities Corp. ( Algonquin ) (NYSE:AQN), a diversified international generation, transmission, and distribution utility with approximately US $11 billion of total assets, to acquire a 20MW solar plant with a 15 year PPA in place in Colombia. The project was developed and is being constructed by AAGES, Algonquin s international joint venture.
The investment is expected to be approximately US $20 million. Closing is expected to occur after the asset reaches commercial operation, which is currently expected in mid-2021. This represents Atlantica s first investment in Colombia, an OECD member country with investment grade rating.
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