Montero Aramburu & Gómez-Villares Atencia advises Altamarcam Partners on the acquisition of Atrato Onsite Energy plc assets

14 November 2024.- Montero Aramburu & Gómez-Villares Atencia has advised AltamarCam Partners, together with a consortium backed by Real Asset Investment Management, Access Capital Partners and Brookfield Asset Management, on the cross-border acquisition of a leading commercial and residential rooftop solar portfolio from Atrato Onsite Energy plc.

The roof portfolio comprises 51 solar projects with a combined capacity of 204MW across 14 offtakers. The portfolio is 100% operational, with c.93% of annual revenue contracted under power purchase agreements or subsidies and 91% of annual revenue subject to inflation or fixed uplifts. The portfolio has a 14-year average unexpired contract revenue term. As part of the transaction, the Consortium has agreed to automatically transfer certain employees of the incumbent investment advisor, Atrato Group.

Montero Aramburu & Gómez-Villares Atencia multidisciplinary energy team was led by Corporate and Energy partner Miguel Cuesta Boothman, in close collaboration with Corporate senior associates Víctor Moya Ximénez and Gadea Pérez de Guzman.

With this transaction, Montero Aramburu & Gómez-Villares Atencia confirms its strength in the energy sector and its firm commitment to it.