M&A Deal Summary

Sonnedix Acquires ARCO

On October 19, 2022, Sonnedix acquired renewable energy company ARCO from Arroyo Energy Investors

Acquisition Highlights
  • This is Sonnedix’s 2nd transaction in the Renewable Energy sector.
  • This is Sonnedix’s 1st transaction in Chile.

M&A Deal Summary
Date 2022-10-19
Target ARCO
Sector Renewable Energy
Buyer(s) Sonnedix
Sellers(s) Arroyo Energy Investors
Deal Type Add-on Acquisition

Target

ARCO

Chile
ARCO is a 215 MW utility-scale, renewable power generation assets, and 75 MW distributed, renewable generation assets.

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Buyer(S) 1

Buyer

Sonnedix

London, United Kingdom
Category Company
Sector Renewable Energy
DESCRIPTION

Sonnedix is an Independent Solar Power Producer delivering high-performance cost competitive solar photovoltaic plants to the market. Sonnedix develops, builds, owns, and operates solar power plants globally, including over 1GW of photovoltaic power plants in operation, as well as several hundred Megawatts under development, in Italy, France, Spain, USA/Puerto Rico, Chile, South Africa, and Japan. Sonnedix is based in London, United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector (Renewable Energy) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Chile) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-17 Eliantus Energy

Madrid, Spain

Eliantus Energy is a fully-operating portfolio of solar power plants functioning under the Spanish regulatory regime. Eliantus Energy is based in Madrid, Spain.

Buy -

Seller(S) 1

SELLER

Arroyo Energy Investors

Category Private Equity Firm
Founded 2003
Size Middle-Market
Type Sector Focused
DESCRIPTION

Arroyo Energy Investors is a private investment firm focused on opportunities in the energy industry. The Firm has a particular interest in energy infrastructure and will consider businesses throughout the US, Mexico, and Chile. Arroyo Energy Investors was formed in 2003 and is headquartered in Spring, Texas.

DEAL STATS #
Overall 2 of 3
Sector (Renewable Energy) 2 of 3
Type (Add-on Acquisition) 1 of 2
Country (Chile) 1 of 1
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-15 Brandywine Power Facility

Brandywine, Maryland, United States

Brandywine Power Facility is a 230 MW dual-fuel, combined-cycle generation facility located 25 miles from Washington, D.C. in Brandywine, Maryland. Brandywine sells 98% of its capacity and energy to an investment grade off-taker.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-17 Broad River Energy

Gaffney, South Carolina, United States

Broad River Energy is an 850 MW dual-fuel, simple-cycle power generation facility located in Gaffney, South Carolina that is fully committed to Duke Energy Progress under two long-term tolling agreements. Broad River utilizes 5 GE 7FA.03 gas turbine generators for the generation of electrical power. The units can be on the grid and supplying power within 15 minutes to help serve peak and emergency loads.

Sell -
Mergr

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