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Solarpack and Ardian successfully complete strategic transaction to enhance their renewable energy portfolios in Chile and Peru

By Harmon

Solarpack and Ardian have chosen to dissolve their joint venture, allowing each partner to retain 100% ownership of their respective portfolios of solar plants.

Solarpack, a Spain-based renewable energy company, and Ardian, a world-leading private investment house, have closed a transaction to maximize the potential of their respective renewable energy assets.

As a result of the transaction, Solarpack now owns 100% of Panamericana, a 21.2 MW solar PV plant in southern Peru, and 100% of Moquegua, a 19.4 MW solar PV plant in southern Peru. On the other hand, Ardian now owns 100% of a portfolio of three plants located in northern Chile, totaling 26.5 MW, and 100% of Tacna, a 22.2 MW solar PV plant in southern Peru.

This streamlined approach aligns with the strategic vision of both companies to achieve greater efficiency and improved operational performance.