ECP to Buy Atlantica Sustainable for $22 Per Share in Cash

Energy Capital Partners and co-investors agreed to acquire Atlantica Sustainable Infrastructure Plc for $22 per share in cash, gaining a portfolio of renewable power assets across the US, Europe, South America and Africa.

The deal gives Atlantica an equity value of about $2.6 billion, according to a statement from the company. It is expected to close in the fourth quarter of 2024 or early first quarter of 2025.

ECP is paying $22 per share for Atlantica, which is based in the UK and listed in New York. That represents a 5.2% premium to Atlantica’s share price on May 1, before ...