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Investments carried under the equity method | 3 Months Ended
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Mar. 31, 2021
Investments carried under the equity method [Abstract] |
Investments carried under the equity method | Note 7. - Investments carried under the equity method The table below shows the breakdown of the investments held in associates as of March 31, 2021 and December 31, 2020:
|  | Balance as of March 31, 2021 |  |  | Balance as of December 31, 2020 |
|  | ($ in thousands) |
Evacuación Valdecaballeros, S.L. |  |  | 892 |  |  |  | 976 |
Myah Bahr Honaine, S.P.A |  |  | 40,325 |  |  |  | 39,204 |
Pectonex, R.F. Proprietary Limited |  |  | 1,564 |  |  |  | 1,587 |
Ca Ku A1, S.A.P.I. de CV (PTS) |  |  | - |  |  |  | 30 |
Evacuación Villanueva del Rey, S.L |  |  | - |  |  |  | - |
Windlectric Inc |  |  | 55,279 |  |  |  | 59,116 |
Pemcorp SAPI de CV |  |  | 13,502 |  |  |  | 15,514 |
Other renewable energy associates |  |  | 235 |  |  |  | 286 |
Total |  |  | 111,798 |  |  |  | 116,614 |
Myah Bahr Honaine, S.P.A., the project entity, is 51% owned by Geida Tlemcen, S.L., which is accounted for using the equity method in these consolidated condensed interim financial statements. Geida Tlemcen, S.L. is 50% owned by Atlantica. Windlectric Inc., the project entity, is 100% owned by Amherst Island Partnership, which is accounted for under the equity method in these consolidated condensed interim financial statements. Pemcorp SAPI de CV, Monterrey´s project entity, is 100% owned by Arroyo Netherlands II B.V., which is accounted for under the equity method in these consolidated condensed interim financial statements. Arroyo Netherlands II B.V. is 30% owned by Atlantica. The decrease in investments carried under the equity method as of March 31, 2021, is primarily due to distributions received by Atlantica Yield Energy Solutions Canada Inc. (“AYES Canada”) from Amherst Island Partnership for $4.5 million. A significant portion of the distributions received from Amherst are distributed by the Company to its partner in this project (Note 13).

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- Definition The disclosure of investments accounted for using the equity method. [Refer: Investments accounted for using equity method] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard -URIDate 2020-01-01 + Details
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