Ardian acquires two operational solar farms in Uruguay from Atlas Renewable Energy for 75.8 MWp
Type: Acquisition · Technology: Solar · Country: Uruguay · Capacity: 75.8 MW · Announced: 2026-05-28
Ardian, through its Ardian Clean Energy Evergreen Fund (ACEEF), has acquired two operational solar photovoltaic plants in Uruguay from Atlas Renewable Energy for a total of 75.8 MWp. This marks ACEEF's first direct investment in the Uruguayan renewable market. The acquired assets include the El Naranjal park (58.8 MWp) and the Del Litoral park (17 MWp), located in the department of Salto and occupying approximately 190 hectares. El Naranjal, operational since 2017, has a 30-year PPA awarded by UTE in 2014, while Del Litoral is situated in the Termas del Daymán area. The transaction's proceeds will support Atlas Renewable Energy's continued growth in Latin America, including the development of large-scale energy infrastructure and battery energy storage systems (BESS).
Analysis
On May 28, 2026, Ardian, through its Ardian Clean Energy Evergreen Fund (ACEEF), acquired two operational solar photovoltaic plants in Uruguay from Atlas Renewable Energy for a total of 75.8 MWp. Ardian is a global diversified private markets firm managing $200 billion in assets, headquartered in Paris, France. Atlas Renewable Energy develops, finances, builds, and operates clean energy projects focusing on solar, wind, and BESS technologies. The acquired assets include the El Naranjal park (58.8 MWp) and the Del Litoral park (17 MWp), located in the department of Salto. El Naranjal, operational since 2017, has a 30-year PPA awarded by UTE in 2014.
Key points
- Ardian acquired 75.8 MWp of solar capacity.
- The acquisition includes El Naranjal (58.8 MWp) and Del Litoral (17 MWp) parks.
- El Naranjal has a 30-year PPA awarded by UTE in 2014.
- Ardian manages $200 billion in assets.
- UTE has 100 MW of solar capacity in operation.
Counterparties
- UTE (Offtaker)
- Atlas Renewable Energy (Seller)
- Ardian (Buyer)