Agrotech company Water Ways Technologies has revealed plans to acquire a stake of 51% in Desarrollo de Sistemas Hidraulicos (Hidrotop), a Chile-based irrigation company, for $3.5 million. Hidrotop is an irrigation and hydraulic engineering firm that operates in the agricultural and mining sectors in Chile and Argentina. Since 1997, the company is said to have […]
Repsol Ibereólica Renovables Chile, a joint venture equally owned by Repsol and the Ibereólica Renovables Group, has signed a pivotal 14-year power purchase agreement (PPA) for its Atacama wind farm. This agreement ensures a double-digit profitability for the renewable generation asset, indicating a strong future return on investment for the venture. Located in the municipality […]
Spanish energy company Naturgy has signed a deal to divest its 96.04% stake in Chilean electricity distribution company Compania General de Electricidad (CGE) for Chinese state company State Grid International Development Limited (SGI) for €2.57 billion. Established in 1905, Compania General de Electricidad supplies power to 45% of households in Chile. The company is also […]
AES Gener has broken ground on the 180MW Andes Solar II-B solar project in Chile, which will incorporate a 112MW/560MWh battery storage system. The Chilean electric utility has also marked the start of construction on the 73MW Campo Lindo wind farm in the Latin American country. According to AES Gener, the Andes Solar facility, which […]
Vestas has been awarded a contract for the 109MW Ckani wind park in Chile from Mainstream Renewable Power, an Ireland-based renewable energy developer. As per the contract, the Danish turbine maker will supply and install 26 of its V150-4.2 MW wind turbines. Additionally, the contract will see Vestas handle the operation and maintenance of the […]
Laureate Education, said it has wrapped up the previously announced $218 million sale of its Chilean operations by transferring the control of its not-for-profit institutions to Fundación Educación y Cultura and the divestiture of its for-profit operations. Founded by Chilean professionals, Fundación Educación y Cultura is a Chilean not-for-profit entity, which is said to have […]
Algonquin Power & Utilities (APUC) has agreed to acquire the 53.51% direct and indirect stake held by Aguas Andinas in Empresa de Servicios Sanitarios de Los Lagos (ESSAL), a Chilean water utility company, for $92.3 million. The Canadian utility said that due to local regulation, it will launch a tender offer for acquiring the remainder […]
Consumer goods manufacturer Unilever has agreed to sell its Chilean ice cream business to Carozzi, a local food product manufacturer, for an undisclosed price. The sale includes Chilean ice cream brands Bresler and Melevi and the license for the global ice cream brands that Unilever retails in Chile, which include Magnum, Calippo, Vienetta, Fruttare, Carte […]
Banco Santander has expanded its global trade platform for companies by acquiring a 50.1% stake in Spanish fintech company Mercury Trade Finance Solutions (Mercury TFS) for €30 million. Mercury TFS is a trade finance digitalization software provider, which specializes in software solutions designed for automating the end-to-end management of trade finance transactions for corporate customers. […]
Mitsubishi Materials Corporation (MMC) has agreed to acquire a 30% stake in the producing Mantoverde copper mine in Chile from Mantos Copper in a deal worth up to $283 million, as per the latest mining acquisition news. The Japanese company has also agreed to take part in the Mantoverde Development Project (MVDP) at the Chilean […]