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Ardian and Solarpack dissolve JV to optimize renewables portfolios
Transactions - JANUARY 3, 2024

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Ardian and Solarpack dissolve JV to optimize renewables portfolios

by Kali Persall

Ardian and Solarpack, a Spain-based renewable-energy company, jointly have chosen to dissolve their joint venture, allowing each partner to retain 100 percent ownership of their respective portfolios of solar plants.

As a result of the transaction, Ardian now owns 100 percent of a portfolio of three plants located in northern Chile, totaling 26.5 megawatts, and 100 percent of Tacna, a 22.2-megawatt solar PV plant in southern Peru. Solarpack now owns 100 percent of Panamericana, a 21.2-megawatt solar PV plant in southern Peru, and 100 percent of Moquegua, a 19.4-megawatt solar PV plant in southern Peru.

Furthermore, Ardian terminated existing asset management agreements with Solarpack for its retained assets, paving the way for AGR-AM, the renewable-asset manager dedicated exclusively to Ardian’s portfolio in Spain and Latin America, to assume direct management responsibilities.

This new structure allows Ardian to obtain full control of the plants, manage them

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