Development and Construction

Atlantica has a deep market know-how and operating expertise in its key markets, critical mass in most of the geographies and proven access to capital.

Atlantica’s large existing operating footprint, in-house development capabilities, partnerships with third parties, and new ownership enhances our ability to pursue attractive growth opportunities.

Our project identification process is supported by rigorous analysis and deeply rooted industry knowledge and experience. We follow a disciplined approach to make capital allocation decisions. Our current portfolio of assets offers growth opportunities through the expansion and repowering of existing assets and through hybridization of existing assets with other complementary technologies.

We take a comprehensive approach to project development, ensuring that every stage—from initial conception through siting, securing land, permitting, design, interconnection, and contract negotiation—is expertly managed. This process involves close coordination with stakeholders, including property owners, local governments, environmental agencies, consultants, local communities, utilities and corporate potential offtakers to ensure projects are efficiently and responsibly planned and executed.

We have also built a network of local co-developers that provide us access to growing renewables markets across the globe while serving to mitigate risk and lower costs.

Our large fleet of assets in operation provides some unique development opportunities in our existing sites. Part of the projects under construction and late stage development are located close to our operating assets. In these situations, the land is secured, and permitting and access to the grid benefit from lower risk and expedite processes.

Our Finance team has a long track record and proven expertise in raising project financing in different geographies as well as tax equity investments.

[Our Development and Construction Process]

• Site Selection and Interconnection: Site identification and selection are crucial in the development of any project. At Atlantica we carefully analyze site constraints, such as land property, identification of mineral rights and the accessibility to the grid. The grid connection and interconnection agreements are essential components of the project development process.
• Permitting: A series of permits and approvals must be obtained to progress with a renewable energy or BESS project. We make sure that the project complies with all environmental, community and construction permit.
• Off taker: We negotiate our off-take agreements before the construction of the projects. At Atlantica we generally target to have assets with long-term contracted or regulated revenue. Power Purchase Agreements signed at our assets have high credit quality off-takers. Having off-take agreements in place is critical to obtain project finance approval.
• Construction and Commissioning: With permits and financing secured, the construction and installation phase of a project can commence. The construction and installation of renewable energy and battery storage systems require coordination of various activities, including site preparation, equipment procurement, and assembly. Skilled labor, specialized machinery, and adherence to safety protocols are essential to ensure the successful completion of the project. The construction phase also includes testing and commissioning to verify that the systems operate as intended.

Atlantica currently has a development pipeline of approximately 3.0 GW of renewable energy and 12.0 GWh of storage capacity.

To support the transition towards a more sustainable world we are developing and constructing new projects in our core geographies.