Atlantica Sustainable Infrastructure

What Atlantica Sustainable Infrastructure does

Atlantica Sustainable Infrastructure is a private sustainable infrastructure company that develops, owns, and operates a diversified portfolio of renewable energy, storage, and complementary infrastructure assets across 12 countries in North America, Europe, South America, and Africa. Founded in December 2013 and previously NASDAQ-listed (ticker AY), the company was taken private in December 2024 when Energy Capital Partners and co-investors acquired it for approximately $7.5 billion ($22 per share). Headquartered in London, Atlantica operates roughly 2.9 GW of generation capacity, 1,363 miles of high-voltage transmission lines, and a 10.4 GW development pipeline of new renewable and storage projects.

The company's asset base spans solar PV and parabolic trough concentrated solar power (e.g., Solana 280 MW and Mojave 280 MW), onshore wind (including the Vento portfolio in the US and assets in Canada, Uruguay, and Colombia), geothermal (the 135 MW Coso facility, the third-largest in the United States), standalone battery energy storage systems (Coso Batteries 1 and 2, totaling 180 MWh), a 300 MW natural gas cogeneration plant in Mexico serving Pemex, water desalination in Algeria, and district heating in Calgary. In-house operation and maintenance teams cover approximately 74% of consolidated revenue, and the integrated development function partners with junior developers across the US, Spain, Italy, Colombia, Uruguay, Chile, and Mexico.

Atlantica generates revenue primarily through long-term (15-25 year) power purchase agreements with investment-grade utility, government, and corporate offtakers such as APS, PG&E, SCE, Hydro-Québec, Idaho Power, the Kingdom of Spain, and UTE Uruguay. A second revenue stream comes from regulated transmission concessions in Peru, Chile, and Uruguay under fixed USD tariffs adjusted by US inflation. The company funds growth through both project-level non-recourse debt and corporate Green Senior Notes under a formal Green Finance Framework. First nine months of 2024 revenue reached $918.7 million (+7.0% YoY) with adjusted EBITDA of $657.5 million (+4.8% YoY), and the average remaining PPA contract life is 13-15 years, supporting high revenue predictability.

Name

Atlantica Sustainable Infrastructure

Legal name

Atlantica Sustainable Infrastructure Group plc

Website

https://atlantica.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Atlantica Sustainable Infrastructure owns and operates a 2.9 GW diversified portfolio of renewable energy, storage, natural gas, and transmission assets across 12 countries, generating contracted cash flows from investment-grade utilities and governments under long-term PPAs.

Ownership category

akta.pro rank

Product category

Renewable Energy Infrastructure

NAICS

Electric Power Generation, Transmission and Distribution (2211), Utilities (22), Utility System Construction (2371)

SIC

Electric, Gas & Sanitary Services (4900), Water Supply (4941)

akta.pro primary industry

Incentives, Grants & Program Administration (Auctions, Tenders, IRA/ITC/PTC Advisory) (EUAMAAAJ)

akta.pro secondary industry

Renewable Energy Infrastructure (FSAAAKAG)

Keywords

• Renewable energy generation
• Power purchase agreements
• Battery energy storage
• Electricity transmission infrastructure
• Sustainable infrastructure assets

Headquarters

HQ city

Brentford

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Power Purchase Agreements (PPAs): Long-term fixed-price power purchase agreements with utilities, governments, and corporate customers. Contract durations typically 15-25 years with investment-grade counterparties providing contracted, predictable cash flows.
2. Transmission Infrastructure: Regulated transmission line revenues in Peru (ATS, ATN, ATN 2), Chile, and Uruguay. Fixed tariffs denominated in USD and adjusted by inflation provide stable, contracted income.
3. Green Bond Financing: Atlantica issues green senior notes and green project financings under its Green Finance Framework. Proceeds used for renewable energy and sustainable infrastructure projects.
4. Commercial & Industrial (C&I) Energy Storage: Battery energy storage systems for C&I customers in Mexico providing 25-30% electricity bill savings.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Atlantica Sustainable Infrastructure owns, develops, and operates a diversified portfolio of sustainable infrastructure assets including utility-scale solar (PV and CSP), onshore wind, geothermal, battery energy storage (BESS), natural gas cogeneration, regulated electric transmission lines, district heating, and seawater desalination. The company sells the electricity, capacity, transmission services, heat, and water produced by these assets primarily under long-term contracted agreements (PPAs and concessions, typically 15-25 years) with investment-grade utilities, governments, and corporate offtakers.

Product overview

Atlantica Sustainable Infrastructure operates a diversified portfolio of sustainable infrastructure assets organized across multiple technology categories: (1) Solar Power Plants including parabolic trough CSP facilities (Solana 280MW, Mojave 280MW) and PV farms across North America, Europe, and South America; (2) Wind Power Plants including the Vento portfolio in the US (596MW total), assets in Canada, Uruguay, and Colombia; (3) Coso Geothermal Plant (135MW) in California, the third-largest US geothermal facility; (4) Battery Energy Storage including Coso Batteries 1 (100MWh) and Coso Batteries 2 (80MWh) in California; (5) ACT Natural Gas Cogeneration Plant (300MW) in Mexico; (6) Electric Transmission Lines totaling 1,363 miles across South America; (7) Calgary District Heating (55MWt) in Canada; and (8) Water Desalination Plants in Algeria. The company develops, builds, owns, and operates these assets with in-house O&M teams, targeting 2.9GW in operation and 10.4GW development pipeline.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Power Plants Solar photovoltaic (PV) and concentrated solar power (CSP) facilities that generate electricity from sunlight, including parabolic trough technology. Power is sold under long-term PPAs to investment-grade utilities such as APS and PG&E.
• Wind Power Plants Onshore wind farm facilities that generate electricity from wind energy in the US (Vento portfolio: Elkhorn Valley, Prairie Star, Twin Groves II, Lone Star II), Canada (L'Érable, Winnifred), Uruguay (Palmatir, Cadonal, Melowind), and Colombia. Power sold under long-term PPAs.
• Coso Geothermal Plant A platform of nine geothermal units with approximately 135 MW net capacity located in Inyo County, California. The third-largest geothermal plant in the United States, providing baseload renewable energy under PPAs with SCPPA and Community Choice Aggregators.
• Coso Batteries 1 A 100 MWh (4-hour duration) standalone battery energy storage system located near the Coso geothermal facility in California, using lithium-ion technology and sold under PPA to Southern California Edison (SCE).
• Coso Batteries 2 An 80 MWh (4-hour duration) standalone battery energy storage system located near the Coso geothermal facility in California, fully developed in-house using lithium-ion technology.
• ACT Natural Gas Cogeneration Plant A 300 MW gas-fired cogeneration facility in Tabasco, Mexico providing steam and electricity to Pemex's Nuevo Pemex Gas Processing Facility.
• Electric Transmission Lines High-voltage transmission infrastructure including ATN (381 miles, Peru), ATS (569 miles, Peru), ATN 2 (81 miles, Peru), lines in Chile, and a 132-mile line in Uruguay. Provides regulated transmission services to grid operators.
• Calgary District Heating A 55 MWt district heating facility in Calgary, Alberta, Canada consisting of natural gas boilers and a 3.3 MWe Combined Heat and Power unit, providing heating services to government, institutional, and commercial customers.
• Water Desalination Plants Seawater desalination facilities in Algeria including Skikda (3.5 million ft3/day), Honaine (7 million ft3/day), and Tenes (7 million ft3/day), providing contracted water supply services.

Quantifiable outcome

• 4 million TCO2e emissions avoided in 2025
• +3 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• QuartuxminorStrategic or Co-development Partner · 6 March 2026Joint battery storage project in Yucatán, Mexico. Atlantica and Quartux seeking approval for 60 MWh battery storage project with batteries supplied by CATL.
• Elmya EnergycoreStrategic or Co-development Partner · 5 September 2025Joint venture Elmantic formed between Elmya Energy and Atlantica targeting 4 GW of wind, solar, and energy storage capacity across ERCOT and WECC territories. Primary objective is greenfield development in US renewables market.
• StatkraftcoreStrategic or Co-development Partner · 1 August 2025Acquisition of Statkraft's Canadian renewable energy platform comprising 236 MW operating wind assets (51% of L'Érable 100 MW in Quebec, 136 MW in Alberta) plus 0.81 GW development pipeline. Expected to close end of 2025.
• Renewco PowercoreStrategic or Co-development Partner · 1 January 2025Agreement with Renewco Power to develop up to 2.2 GW of greenfield standalone Battery Energy Storage System (BESS) projects in Spain.
• UTE (Administración Nacional de Usinas y Transmisiones Eléctricas)coreOthersState-owned electricity company in Uruguay, offtaker for Palmatir, Cadonal, Melowind wind farms and Melo-Tacuarembo transmission line. Lease agreement on transmission line with fixed USD tariff adjusted monthly by US inflation.
• Itochu CorporationminorStrategic or Co-development PartnerJapanese trading company holding 30% stake in Solaben 2 and Solaben 3 solar assets in Spain (70% owned by Atlantica).
• JGC CorporationminorStrategic or Co-development PartnerJapanese engineering company holding 13% stake in Solacor 1 and Solacor 2 solar assets in Spain (87% owned by Atlantica).

Scale indicators9 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Brookfield Renewable Partners: One of the largest publicly traded renewable power platforms globally, with hydroelectric, wind, solar, and storage assets across North America, South America, Europe, and Asia. Most directly comparable to Atlantica's global, multi-technology, contracted renewable IPP model.
• Algonquin Power & Utilities: North American renewable energy and regulated utility operator with wind, solar, hydro, and thermal assets under long-term contracts. Comparable to Atlantica's mix of renewable IPP assets alongside regulated rate-base operations.
• Boralex: Canadian-headquartered renewable energy IPP with wind, solar, hydroelectric, and storage assets across Canada, the US, France, and the UK. Directly comparable in technology mix and contracted PPA structure to Atlantica.
• NextEra Energy Partners: Yieldco sponsored by NextEra Energy that owns contracted renewable energy assets (wind, solar, battery storage) under long-term PPAs. Closely comparable business model to Atlantica as a publicly traded renewable infrastructure platform with contracted cash flows from investment-grade off-takers.
• Clearway Energy: Owns and operates contracted renewable and conventional generation across the US, including utility-scale solar, wind, and battery storage under long-term PPAs. Directly comparable to Atlantica's mix of contracted generation assets with similar offtaker profile (utilities and corporates).
• Innergex Renewable Energy: Canadian renewable energy IPP operating hydroelectric, wind, solar, and storage facilities across Canada, the US, France, and Chile under long-term PPAs. Comparable to Atlantica in its focus on contracted renewable cash flows and North/South American footprint.
• TransAlta Renewables: Canadian renewable IPP with wind, hydro, and solar assets under long-term contracts. Smaller-scale but very comparable contracted renewable IPP model with similar Canadian and US operating footprint overlap.
• Hannon Armstrong Sustainable Infrastructure Capital: US-listed sustainable infrastructure investor focused on climate solutions including renewable energy, energy efficiency, and storage. Comparable to Atlantica in providing capital behind contracted clean energy and infrastructure assets, though HASI is more capital-markets focused.

Broad incumbents

• Engie: Global energy utility and IPP with large renewable energy, transmission, and gas-fired generation portfolios across Europe, North America, South America, and Africa. Overlaps with Atlantica in renewable generation, transmission, and natural gas cogeneration but at much larger scale and broader scope.
• EDP Renováveis: One of the world's largest wind energy operators and a top-4 global renewable IPP, owned by EDP. Larger and broader than Atlantica but directly comparable in being a multi-geography renewable energy developer/operator with utility-scale wind and solar under PPAs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/atlantica-sustainable-infrastructure

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries13 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Atlantica Sustainable Infrastructure