ENERGY

Atlantica Introduces an Agreement with Algonquin to Acquire a 20 MW Solar Asset in Colombia

Atlantica | December 15, 2020

Atlantica Sustainable Infrastructure plc (NASDAQ: AY), the manageable framework organization that possesses an enhanced arrangement of contracted resources in the energy and climate areas, reported today that it has agreed with an auxiliary of Algonquin Power and Utilities Corp. ("Algonquin") (TSX/NYSE: AQN), a broadened worldwide age, transmission, and dispersion utility with around US $11 billion of all out resources, to procure a 20MW sunlight based plant with a long term PPA set up in Colombia. The task was created and is being built by AAGES, Algonquin's global joint endeavor.

The speculation is required to be around US $20 million. Shutting is required to happen after the resource arrives at business activity, which is presently expected in mid-2021. This speaks to Atlantica's first interest in Colombia, an OECD part nation with venture grade rating.

Furthermore, Algonquin and Atlantica have consented to possibly co-put resources into extra sun based plants in Colombia with a joined limit of around 30MW to be exclusively evolved and worked by AAGES.

Santiago Seage, Atlantica's CEO stated: "We are glad to co-put with Algonquin in these activities, in a deliberate advance to go into another market like Colombia, with alluring development possibilities for renewables and with comparative qualities to other Atlantica's business sectors in South America."

This official statement contains forward-looking articulations. These forward-looking assertions incorporate, however are not restricted to, all proclamations other than articulations of authentic realities contained in this official statement including, without impediment, those with respect to the development of the resource and shutting of securing, our future monetary position and consequences of activities, our procedure, plans, destinations, objectives and targets, future advancements in the business sectors in which we work or are trying to work or foreseen administrative changes in the business sectors in which we work or mean to work. Now and again, you can distinguish forward-looking proclamations by phrasing, for example, "point," "foresee," "accept," "proceed," "could," "gauge," "anticipate," "conjecture," "direction," "expect," "is probably going to," "may," "plan," "potential," "anticipate," "anticipated," "should" or "will" or the negative of such terms or other comparative articulations or wording.

Spotlight

In 130 years, production of electricity increased from zero to over 24,000 terawatt hours. Thomas Edison once said: “We are like tenant farmers chopping down the fence around our house for fuel when we should be using Nature’s inexhaustible sources of energy--sun, wind and tide. I’d put my money on the sun and solar energy. What a source of power! I hope we don’t have to wait until oil and coal run out before we tackle that.”

Spotlight

In 130 years, production of electricity increased from zero to over 24,000 terawatt hours. Thomas Edison once said: “We are like tenant farmers chopping down the fence around our house for fuel when we should be using Nature’s inexhaustible sources of energy--sun, wind and tide. I’d put my money on the sun and solar energy. What a source of power! I hope we don’t have to wait until oil and coal run out before we tackle that.”

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Thompson Energy Solutions - Electrifying the Future

Thompson Machinery | February 21, 2022

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ReneSola Power Provides Updates on Project Development and Expands Presence in Spain

ReneSola Power | October 04, 2021

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