v3.24.3
Nature of the business, Concessional assets owned (Details)
 9 Months Ended
Sep. 30, 2024
MW
Calgary [Member]  
Nature of the business [Abstract]  
Type Efficient natural gas &heat
Ownership 100.00%
Location Canada
Currency CAD [1]
Capacity (gross) 55 MWt
Counterparty credit ratings ~60% AA- or higher [2],[3]
COD 2010 [4]
Contract years left 11 years [5]
ACT [Member]  
Nature of the business [Abstract]  
Type Efficient natural gas & heat
Ownership 100.00%
Location Mexico
Currency USD [1]
Capacity (gross) 300 MW
Counterparty credit ratings BBB/B3/B+ [2]
COD 2013 [4]
Contract years left 9 years [5]
ATN [Member]  
Nature of the business [Abstract]  
Type Transmission line [6]
Ownership 100.00% [6]
Location Peru [6]
Currency USD [1],[6]
Capacity (gross) 381 miles [6]
Counterparty credit ratings BBB-/Baa1/BBB [2],[6]
COD 2011 [4],[6]
Contract years left 16 years [5],[6]
ATS [Member]  
Nature of the business [Abstract]  
Type Transmission line
Ownership 100.00%
Location Peru
Currency USD [1]
Capacity (gross) 569 miles
Counterparty credit ratings BBB-/Baa1/BBB [2]
COD 2014 [4]
Contract years left 19 years [5]
ATN 2 [Member]  
Nature of the business [Abstract]  
Type Transmission line
Ownership 100.00%
Location Peru
Currency USD [1]
Capacity (gross) 81 miles
Counterparty credit ratings Not rated [2]
COD 2015 [4]
Contract years left 9 years [5]
Quadra 1 & 2 [Member]  
Nature of the business [Abstract]  
Type Transmission line
Ownership 100.00%
Location Chile
Currency USD [1]
Capacity (gross) 49 miles/32 miles
Counterparty credit ratings Not rated [2]
COD 2014 [4]
Quadra 1 [Member]  
Nature of the business [Abstract]  
Contract years left 10 years
Quadra 2 [Member]  
Nature of the business [Abstract]  
Contract years left 10 years
Palmucho [Member]  
Nature of the business [Abstract]  
Type Transmission line
Ownership 100.00%
Location Chile
Currency USD [1]
Capacity (gross) 6 miles
Counterparty credit ratings BBB/ -- /BBB+ [2]
COD 2007 [4]
Contract years left 13 years [5]
Chile TL3 [Member]  
Nature of the business [Abstract]  
Type Transmission line
Ownership 100.00%
Location Chile
Currency USD [1]
Capacity (gross) 50 miles
Counterparty credit ratings A/A2/A- [2]
COD 1993 [4]
Chile TL4 [Member]  
Nature of the business [Abstract]  
Type Transmission line
Ownership 100.00%
Location Chile
Currency USD [1]
Capacity (gross) 63 miles
Counterparty credit ratings Not rated [2]
COD 2016 [4]
Contract years left 47 years [5]
Skikda [Member]  
Nature of the business [Abstract]  
Type Water
Ownership 34.20% [7]
Location Algeria
Currency USD [1]
Capacity (gross) 3.5 M ft3/day
Counterparty credit ratings Not rated [2]
COD 2009 [4]
Contract years left 9 years [5]
Skikda [Member] | Algerian Energy Company, SPA [Member]  
Nature of the business [Abstract]  
Percentage of non-controlling interests 49.00%
Skikda [Member] | Sacyr Agua S.L. [Member]  
Nature of the business [Abstract]  
Percentage of non-controlling interests 16.80%
Honaine [Member]  
Nature of the business [Abstract]  
Type Water
Ownership 25.50% [8]
Location Algeria
Currency USD [1]
Capacity (gross) 7 M ft3/day
Counterparty credit ratings Not rated [2]
COD 2012 [4]
Contract years left 13 years [5]
Honaine [Member] | Algerian Energy Company, SPA [Member]  
Nature of the business [Abstract]  
Percentage of non-controlling interests 49.00%
Honaine [Member] | Sacyr Agua S.L. [Member]  
Nature of the business [Abstract]  
Percentage of non-controlling interests 25.50%
Tenes [Member]  
Nature of the business [Abstract]  
Type Water
Ownership 51.00% [9]
Location Algeria
Currency USD [1]
Capacity (gross) 7 M ft3/day
Counterparty credit ratings Not rated [2]
COD 2015 [4]
Contract years left 16 years [5]
Tenes [Member] | Algerian Energy Company, SPA [Member]  
Nature of the business [Abstract]  
Percentage of non-controlling interests 49.00%
PS10 & PS20 [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 100.00%
Location Spain
Currency Euro [1]
Capacity (gross) 31 MW
Counterparty credit ratings A/Baa1/A- [2]
COD 2007&2009 [4]
PS10 [Member]  
Nature of the business [Abstract]  
Contract years left 8 years
PS20 [Member]  
Nature of the business [Abstract]  
Contract years left 10 years
Solana [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 100.00%
Location Arizona (USA)
Currency USD [1]
Capacity (gross) 280 MW
Counterparty credit ratings BBB+/Baa1/BBB+ [2]
COD 2013 [4]
Contract years left 19 years [5]
Mojave [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 100.00%
Location California (USA)
Currency USD [1]
Capacity (gross) 280 MW
Counterparty credit ratings BB/ Ba1/BB+ [2]
COD 2014 [4]
Contract years left 15 years [5]
Coso [Member]  
Nature of the business [Abstract]  
Type Renewable (Geothermal)
Ownership 100.00%
Location California (USA)
Currency USD [1]
Capacity (gross) 135 MW
Counterparty credit ratings Investment Grade [2],[10]
COD 1987-1989 [4]
Contract years left 17 years [5]
Elkhorn Valley [Member]  
Nature of the business [Abstract]  
Type Renewable (Wind) [11]
Ownership 49.00% [11]
Location Oregon (USA) [11]
Currency USD [1],[11]
Capacity (gross) 101 MW [11]
Counterparty credit ratings BBB/Baa1/-- [2],[11]
COD 2007 [4],[11]
Contract years left 3 years [5],[11]
Prairie Star [Member]  
Nature of the business [Abstract]  
Type Renewable (Wind) [11]
Ownership 49.00% [11]
Location Minnesota (USA) [11]
Currency USD [1],[11]
Capacity (gross) 101 MW [11]
Counterparty credit ratings --/A3/A- [2],[11]
COD 2007 [4],[11]
Contract years left 3 years [5],[11]
Twin Groves II [Member]  
Nature of the business [Abstract]  
Type Renewable (Wind) [11]
Ownership 49.00% [11]
Location Illinois (USA) [11]
Currency USD [1],[11]
Capacity (gross) 198 MW [11]
Counterparty credit ratings BBB+/Baa1/-- [2],[11]
COD 2008 [4],[11]
Contract years left 1 year [5],[11]
Lone Star II [Member]  
Nature of the business [Abstract]  
Type Renewable (Wind) [11]
Ownership 49.00% [11]
Location Texas (USA) [11]
Currency USD [1],[11]
Capacity (gross) 196 MW [11]
Counterparty credit ratings N/A [2],[11]
COD 2008 [4],[11]
Chile PV I [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 35.00% [12]
Location Chile
Currency USD [1]
Capacity (gross) 55 MW
Counterparty credit ratings N/A [2]
COD 2016 [4]
Percentage of non-controlling interests 65.00%
Chile PV 2 [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 35.00% [12]
Location Chile
Currency USD [1]
Capacity (gross) 40 MW
Counterparty credit ratings Not rated [2]
COD 2017 [4]
Contract years left 6 years [5]
Percentage of non-controlling interests 65.00%
Chile PV 3 [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 35.00% [12]
Location Chile
Currency USD [1]
Capacity (gross) 73 MW
Counterparty credit ratings Not rated [2]
COD 2014 [4]
Contract years left 10 years [5]
Percentage of non-controlling interests 65.00%
Chile PMGD [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 49.00%
Location Chile
Currency USD [1]
Capacity (gross) 9 MW [13]
Counterparty credit ratings A/A2/A- [2]
COD 2024 [4]
Contract years left 10 years [5]
Gross capacity 80
La Sierpe [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 100.00%
Location Colombia
Currency COP [1]
Capacity (gross) 20 MW
Counterparty credit ratings Not rated [2]
COD 2021 [4]
Contract years left 11 years [5]
La Tolua [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 100.00%
Location Colombia
Currency COP [1]
Capacity (gross) 20 MW
Counterparty credit ratings Not rated [2]
COD 2023 [4]
Contract years left 9 years [5]
Tierra Linda [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 100.00%
Location Colombia
Currency COP [1]
Capacity (gross) 10 MW
Counterparty credit ratings Not rated [2]
COD 2023 [4]
Contract years left 9 years [5]
Honda 1 [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 50.00%
Location Colombia
Currency COP [1]
Capacity (gross) 10 MW
Counterparty credit ratings BBB-/-/BBB [2]
COD 2023 [4]
Contract years left 6 years [5]
Honda 2 [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 50.00%
Location Colombia
Currency COP [1]
Capacity (gross) 10 MW
Counterparty credit ratings BBB-/-/BBB [2]
COD 2024 [4]
Contract years left 7 years [5]
Albisu [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 100.00%
Location Uruguay
Currency UYU [1]
Capacity (gross) 10 MW
Counterparty credit ratings Not rated [2]
COD 2023 [4]
Contract years left 14 years [5]
Palmatir [Member]  
Nature of the business [Abstract]  
Type Renewable (Wind)
Ownership 100.00%
Location Uruguay
Currency USD [1]
Capacity (gross) 50 MW
Counterparty credit ratings BBB+/Baa1/BBB [2],[14]
COD 2014 [4]
Contract years left 10 years [5]
Cadonal [Member]  
Nature of the business [Abstract]  
Type Renewable (Wind)
Ownership 100.00%
Location Uruguay
Currency USD [1]
Capacity (gross) 50 MW
Counterparty credit ratings BBB+/Baa1/BBB [2],[14]
COD 2014 [4]
Contract years left 10 years [5]
Melowind [Member]  
Nature of the business [Abstract]  
Type Renewable (Wind)
Ownership 100.00%
Location Uruguay
Currency USD [1]
Capacity (gross) 50 MW
Counterparty credit ratings BBB+/Baa1/BBB [2],[14]
COD 2015 [4]
Contract years left 11 years [5]
Mini-Hydro [Member]  
Nature of the business [Abstract]  
Type Renewable (Hydraulic)
Ownership 100.00%
Location Peru
Currency USD [1]
Capacity (gross) 4 MW
Counterparty credit ratings BBB-/Baa1/BBB [2]
COD 2012 [4]
Contract years left 8 years [5]
Solaben 2 & 3 [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 70.00% [15]
Location Spain
Currency Euro [1]
Capacity (gross) 2x50 MW
Counterparty credit ratings A/Baa1/A- [2]
COD 2012 [4]
Solaben 2 & 3 [Member] | Itochu Corporation [Member]  
Nature of the business [Abstract]  
Percentage of non-controlling interests 30.00%
Solaben 2 [Member]  
Nature of the business [Abstract]  
Contract years left 13 years
Solaben 3 [Member]  
Nature of the business [Abstract]  
Contract years left 13 years
Solacor 1 & 2 [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 87.00% [16]
Location Spain
Currency Euro [1]
Capacity (gross) 2x50 MW
Counterparty credit ratings A/Baa1/A- [2]
COD 2012 [4]
Solacor 1 & 2 [Member] | JGC [Member]  
Nature of the business [Abstract]  
Percentage of non-controlling interests 13.00%
Solacor 1 [Member]  
Nature of the business [Abstract]  
Contract years left 12 years
Solacor 2 [Member]  
Nature of the business [Abstract]  
Contract years left 12 years
Helioenergy 1 & 2 [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 100.00%
Location Spain
Currency Euro [1]
Capacity (gross) 2x50 MW
Counterparty credit ratings A/Baa1/A- [2]
COD 2011 [4]
Helioenergy 1 [Member]  
Nature of the business [Abstract]  
Contract years left 12 years
Helioenergy 2 [Member]  
Nature of the business [Abstract]  
Contract years left 12 years
Helios 1 & 2 [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 100.00%
Location Spain
Currency Euro [1]
Capacity (gross) 2x50 MW
Counterparty credit ratings A/Baa1/A- [2]
COD 2012 [4]
Helios 1 [Member]  
Nature of the business [Abstract]  
Contract years left 13 years
Helios 2 [Member]  
Nature of the business [Abstract]  
Contract years left 13 years
Solnova 1, 3 & 4 [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 100.00%
Location Spain
Currency Euro [1]
Capacity (gross) 3x50 MW
Counterparty credit ratings A/Baa1/A- [2]
COD 2010 [4]
Solnova 1 [Member]  
Nature of the business [Abstract]  
Contract years left 11 years
Solnova 3 [Member]  
Nature of the business [Abstract]  
Contract years left 11 years
Solnova 4 [Member]  
Nature of the business [Abstract]  
Contract years left 11 years
Solaben 1 & 6 [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 100.00%
Location Spain
Currency Euro [1]
Capacity (gross) 2x50 MW
Counterparty credit ratings A/Baa1/A- [2]
COD 2013 [4]
Solaben 1 [Member]  
Nature of the business [Abstract]  
Contract years left 14 years
Solaben 6 [Member]  
Nature of the business [Abstract]  
Contract years left 14 years
Seville PV [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 80.00% [17]
Location Spain
Currency Euro [1]
Capacity (gross) 1 MW
Counterparty credit ratings A/Baa1/A- [2]
COD 2006 [4]
Contract years left 11 years [5]
Seville PV [Member] | Idae [Member]  
Nature of the business [Abstract]  
Percentage of non-controlling interests 20.00%
Italy PV 1 [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 100.00%
Location Italy
Currency Euro [1]
Capacity (gross) 1.6 MW
Counterparty credit ratings BBB/Baa3/BBB [2]
COD 2010 [4]
Contract years left 7 years [5]
Italy PV 2 [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 100.00%
Location Italy
Currency Euro [1]
Capacity (gross) 2.1 MW
Counterparty credit ratings BBB/Baa3/BBB [2]
COD 2011 [4]
Contract years left 7 years [5]
Italy PV 3 [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 100.00%
Location Italy
Currency Euro [1]
Capacity (gross) 2.5 MW
Counterparty credit ratings BBB/Baa3/BBB [2]
COD 2012 [4]
Contract years left 7 years [5]
Italy PV 4 [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 100.00%
Location Italy
Currency Euro [1]
Capacity (gross) 3.6 MW
Counterparty credit ratings BBB/Baa3/BBB [2]
COD 2011 [4]
Contract years left 7 years [5]
UK Wind 1 [Member]  
Nature of the business [Abstract]  
Type Renewable (Wind)
Ownership 100.00%
Location United Kingdom
Currency GBP [1]
Capacity (gross) 25 MW
Counterparty credit ratings AA/Aa3/AA- [2]
COD 2012 [4]
Contract years left 8 years [5]
UK Wind 2 [Member]  
Nature of the business [Abstract]  
Type Renewable (Wind)
Ownership 100.00%
Location United Kingdom
Currency GBP [1]
Capacity (gross) 8 MW
Counterparty credit ratings AA/Aa3/AA- [2]
COD 2003 [4]
Contract years left 3 years [5]
Kaxu [Member]  
Nature of the business [Abstract]  
Type Renewable (Solar)
Ownership 51.00% [18]
Location South Africa
Currency Rand [1]
Capacity (gross) 100 MW
Counterparty credit ratings BB-/Ba2/BB- [2],[19]
COD 2015 [4]
Contract years left 10 years [5]
Kaxu [Member] | IDC [Member]  
Nature of the business [Abstract]  
Percentage of non-controlling interests 29.00%
Kaxu [Member] | Kaxu Community Trust [Member]  
Nature of the business [Abstract]  
Percentage of non-controlling interests 20.00%
[1] Certain contracts denominated in U.S. dollars are payable in local currency.
[2] Reflects the counterparty’s credit ratings issued by Standard & Poor’s Ratings Services, or S&P, Moody’s Investors Service Inc., or Moody’s, and Fitch Ratings Ltd, or Fitch. Not applicable (“N/A”) when the asset has no PPA.
[3] Refers to the credit rating of a diversified mix of 22 high credit quality clients (~60% AA- rating or higher, the rest is unrated).
[4] Commercial Operation Date.
[5] As of September 30, 2024.
[6] Including ATN Expansion 1, 2 & 3.
[7] Algerian Energy Company, SPA owns 49% of Skikda and Sacyr Agua, S.L. owns the remaining 16.8%.
[8] Algerian Energy Company, SPA owns 49% of Honaine and Sacyr Agua, S.L. owns the remaining 25.5%.
[9] Algerian Energy Company, SPA owns 49% of Tenes. The Company has an investment in Tenes through a secured loan to Befesa Agua Tenes (the holding company of Tenes) and the right to appoint a majority at the board of directors of the project company. Therefore, the Company controls Tenes since May 31, 2020, and fully consolidates the asset from that date.
[10] Refers to the credit rating of two Community Choice Aggregators: Silicon Valley Clean Energy and Monterrey Bar Community Power, both with A Rating from S&P and Southern California Public Power Authority. The third off-taker is not rated.
[11] Part of Vento II Portfolio.
[12] 65% of the shares in Chile PV 1, Chile PV 2 and Chile PV 3 are indirectly held by financial partners through the renewable energy platform of the Company in Chile.
[13] 9 MW of the 80 MW portfolio of Chile PMGD were already in operation as of September 30, 2024.
[14] Refers to the credit rating of Uruguay, as UTE (Administración Nacional de Usinas y Transmisoras Eléctricas) is unrated.
[15] Itochu Corporation holds 30% of the shares in each of Solaben 2 and Solaben 3.
[16] JGC holds 13% of the shares in each of Solacor 1 and Solacor 2.
[17] Instituto para la Diversificación y Ahorro de la Energía (“Idae”) holds 20% of the shares in Seville PV.
[18] Kaxu is owned by the Company (51%), Industrial Development Corporation of South Africa (“IDC”, 29%) and Kaxu Community Trust (20%).
[19] Refers to the credit rating of the Republic of South Africa. The off-taker is Eskom, which is a state-owned utility company in South Africa.