Atlantica Sustainable Infrastructure plc announced that it has reached an agreement with a subsidiary of Algonquin Power & Utilities Corp. to acquire a 20MW solar plant with a 15 year PPA in place in Colombia. The project was developed and is being constructed by AAGES, Algonquin’s international joint venture. The investment is expected to be approximately USD 20 million. Closing is expected to occur after the asset reaches commercial operation, which is currently expected in mid-2021. This represents Atlantica’s first investment in Colombia, an OECD member country with investment grade rating. Additionally, Algonquin and Atlantica have agreed to potentially co-invest in additional solar plants in Colombia with a combined capacity of approximately 30MW to be solely developed and built by AAGES.