FIP MBI Energía successfully sold its 100% equity stake in the Doña Carmen 40 MW solar power plant, with Providence Capital acting as the financial advisor in a landmark renewable energy transaction in Chile.

Target Information

FIP MBI Energía, an investment fund specializing in the energy sector managed by MBI Inversiones, facilitated the sale of 100% of the equity in Energía Cerro El Morado. This company is responsible for the development, ownership, and operation of the Doña Carmen solar power plant, which boasts an impressive capacity of 40 MW. Operating since 2017, the plant is strategically connected to the Los Vilos Nogales 220 kV transmission line through its fully owned 220/23 substation.

Industry Overview

Chile is recognized as a leader in renewable energy in Latin America, with significant investments in solar, wind, and hydroelectric power. The country benefits from a unique geographical positioning and abundant natural resources that allow for high efficiency in generating solar power. As traditional energy sources become less viable due to environmental policies and financial constraints, the shift towards renewable energy is not only crucial for sustainability but also economically advantageous.

The Chilean government has put in place various initiatives to promote the growth of the renewable sector, including favorable regulatory frameworks and incentives for private investment. The ongoing