Ardian acquires 100% stake in Verlat Energy, a hydropower company in Peru

Ardian's acquisition of Verlat Energy's 73.4 MW hydropower portfolio in Peru, announced on 2023-12-14, expands the Paris-headquartered firm's real assets footprint in Latin America. The estimated $250 million transaction secures six run-of-river hydroelectric plants for Ardian. This investment targets stable, long-term cash flows characteristic of operational hydro assets in a developing market. Ardian gains immediate operational capacity with these 73.4 MW assets, diversifying its global real assets exposure. The run-of-river technology typically offers lower environmental impact and predictable generation profiles, appealing to institutional investors. Ardian's action confirms continued appetite for established renewable energy infrastructure in specific emerging markets like Peru. Ardian, a global diversified private markets firm managing $200 billion in assets, deploys capital into its real assets segment with this Peruvian hydro acquisition. This deal adds 73.4 MW of operational hydropower to Ardian's portfolio, aligning with its stated investment solutions across private equity, real assets, and credit. Verlat Energy divests its entire 73.4 MW portfolio of six run-of-river plants, monetizing these Peruvian assets. Ardian's action confirms its ongoing commitment to renewable energy infrastructure, particularly within Latin America, as it allocates its substantial $200 billion in managed assets.