Arroyo Completes the Sale of Renewable Generation Portfolio in Chile
October 19, 2022
HOUSTON (October 19, 2022) – Arroyo Investors is pleased to announce the successful sale of its Chilean renewable generation portfolio held in two companies, ARCO I and ARCO II.
Key highlights:
ARCO I is a utility scale portfolio of 115 MW of wind generation and 104 MW of solar generation assets located in Chile with long-term Offtake Agreements with Minera Los Pelambres. ARCO II is a geographically diversified portfolio of 80 MW of renewable energy consisting of self-dispatched wind and solar technology in Chile that enhance energy security and supply to benefit the residents in more rural and underserved areas of Chile.
Since establishing the ARCO platform in 2017, Arroyo successfully grew this platform company by focusing on the acquisition and development of renewable projects in Chile.
David T. Field, a Founding Partner at Arroyo, states: “Establishing and growing the renewables generation portfolio of assets within ARCO has been a milestone achievement for Arroyo. The transaction to sell ARCO is a resounding achievement for both Arroyo and the strong leadership team at ARCO, affirming our collective vision and commercial execution.”
“Our team consistently identifies an investments elements of downside protection and pre-identifies upside value potential,” adds Chuck Jordan, a Founding Partner of Arroyo. “ARCO’s renewable assets fit within Arroyo’s commercial strategy, including long-term Offtake Agreements and solid operational performance. Combined with the industry’s strong interest in the region and renewable assets, our team proved successful in positioning the ARCO companies for exit.”