Atlantica Sustainable Infrastructure has completed the acquisition of a 231 km transmission line in Uruguay, strengthening its foothold in the energy transition landscape. The line, operational since 2019, has a financial lease agreement with UTE, running until 2049, with payments adjusted monthly to American inflation. With this acquisition, Atlantica now operates over 2,212 km of transmission lines in South America and enhances its strategic partnership with UTE, which is also the offtaker for its wind energy assets in the region. This move underscores Atlantica's ongoing commitment to investing in Uruguay and expanding its renewable energy and sustainable infrastructure portfolio in South America.

In other trading, Tesla was a standout up 22.7% and closing at $272.20. In the meantime, Barito Renewables Energy softened, down 10.3% to close at IDR4,250.00, near its 52-week low.

Tesla's rapid expansion in Full Self-Driving suggests emerging revenue streams soon. Discover the full narrative on Tesla's innovative journey by clicking here.

For more on this topic, don't miss our recent Market Insights article, "🚗 Automakers Caught In The Tariff Crossfire," which explores critical challenges and investment opportunities within the energy transition landscape—act fast before the tides shift again.

Best Energy Transition Stocks

• Applied Materials settled at $149.73 up 16.1%.
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• Navigate through the entire inventory of 133 Energy Transition Stocks including AtkinsRéalis Group, Public Service Enterprise Group and Corporación Acciona Energías Renovables here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Atlantica cierra la adquisición de una línea de transmisión en Uruguay" from Atlantica Sustainable Infrastructure plc on GlobeNewswire (published 10 April 2025)

Companies discussed in this article include NasdaqGS:TSLA NasdaqGS:AMAT NYSE:VST NasdaqGS:FSLR and IDX:BREN.

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