An undisclosed buyer agreed to acquire 30% stake in 142 MW gas-fired engine facility in Monterrey from Atlantica Sustainable Infrastructure plc (NasdaqGS:AY) on March 1, 2024.

An undisclosed buyer completed the acquisition of 30% stake in 142 MW gas-fired engine facility in Monterrey from Atlantica Sustainable Infrastructure plc (NasdaqGS:AY) for approximately MXN 851 million ($50 million) in April 2024. Under the terms of consideration, Atlantica Sustainable expect to receive approximately MXN 731.8 million ($43 million) proceeds subject to final transaction costs, taxes and ongoing discussions with our partner. There is an earn-out mechanism that could result in additional proceeds for Atlantica of up to approximately MXN 119.1 million ($7 million) between 2026 and 2028.