Washington D.C., April 2025 – Astris Finance congratulates its client, METLEN Energy and Metals S.A. (“METLEN”), the Athens-based global renewable developer and EPC contractor, on the announcement of the agreement to sell a portfolio of renewable energy assets in Chile.

METLEN and a wholly owned subsidiary of Glenfarne Asset Company, LLC (“Glenfarne”) have entered into an agreement for Glenfarne to acquire METLEN’s portfolio of solar and Battery Energy Storage System (“BESS”) assets.

The transaction involves operational solar projects with total capacity of 588 MW, combined with co-located BESS facilities with total capacity of 1,610 GWh. Construction for the BESS facilities is ongoing and expected to be completed within the year.

Astris Finance acted as exclusive sell-side advisor to METLEN with respect to the portfolio. Astris assisted METLEN throughout the sales process, which ultimately culminated in the transaction with Glenfarne. The closing of the transaction is planned to occur when the BESS becomes operational and is subject to the regulatory approvals and fulfillment of customary conditions.

Tobey Collins, Head of the Americas for Astris, commented: “We are delighted to have assisted METLEN in this important asset rotation transaction. The METLEN engagement further showcases Astris’ transactional presence in Chile, in the electricity sector in particular.”

As BESS becomes an integral part of energy markets, this landmark transaction is a testimony to Astris’s positioning as market leader in advisory focused on technologically-diversified renewable platforms across the Americas region.