Our Growth Opportunities
Atlantica is well positioned to benefit from the expected transition towards a more sustainable power generation mix. We intend to take advantage of, and leverage our growth strategy on, favorable trends in the clean power generation, energy scarcity and the focus on the reduction of carbon emissions.
We intend to grow our business through different sources:
- We believe we can achieve organic growth through the optimization of the existing portfolio, escalation factors at many of our assets and the expansion of current assets, particularly our transmission lines, to which new assets can be connected. Additionally, we should have repowering opportunities in certain existing renewable energy assets.
- Additionally, we expect to acquire assets from third parties leveraging the local presence and network we have in geographies and sectors in which we operate. We have also entered into and intend to enter into agreements or partnerships with developers and asset owners to acquire assets. We also invest directly and through investment vehicles with partners in assets under development or construction.
- We have signed a ROFO agreement with AAGES, a joint venture designed to invest in the development and construction of contracted clean energy and water infrastructure contracted assets, created by Algonquin, a North American diversified generation, transmission and distribution utility company that owns a 44.2% stake in our capital stock.
With this business model, our objective is to pay a consistent and growing cash dividend to shareholders that is sustainable on a long-term basis. Pursuant to our cash dividend policy, we intend to pay a cash dividend each quarter to holders of our shares.