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.
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