Renewable Energy M&A: Global Infrastructure Partners (GIP) Boosts Renewable Energy Presence in Chile

published on 26 December 2023

GIP has strategically enhanced its partnership with AES Andes, acquiring an additional 49% stake in a 693 MW renewable energy portfolio in Chile. This $441mn acquisition propels the GIP-AES Andes collaboration to over 1.4 GW in total capacity.

💰 Deal Breakdown: AES Andes will initially receive $333mn, with the remainder contingent on predefined conditions. This follows a similar $441mn deal for a 734 MW portfolio, announced in Jul’21.

🌱 AES Andes' Perspective: The capital influx will fuel their renewable energy expansion in the coming years, as part of the Greentegra strategy.

🌎 GIP's Strategic Vision: This acquisition aligns with GIP's investment focus in emerging markets across Latin America and Asia, leveraging their $5bn Emerging Markets Fund I.

The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.

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