Ardian is acquiring a Peru-based hydropower company from funds managed by BTG Pactual, Patria Investments and GMR Holding B.V., strengthening its clean-energy portfolio in Latin America.
The hydropower company owns a fully operational portfolio of six run-of-river hydroelectric power plants with a total capacity of 73.4 megawatts. The plants have energy purchase and sale contracts awarded by the Peruvian government, with a remaining average life of approximately 10 years.
This is Ardian’s fourth direct renewable-energy investment in Latin America, continuing the company’s opportunistic approach in the region. The acquisition was made through the Ardian Clean Energy Evergreen Fund (ACEEF), the infrastructure team's first open-ended clean-energy fund. Launched in early 2022, ACEEF reached €1 billion ($1.09 billion) raised at its closing in July 2023. The Article 9 fund offers investors a