Atlantica Sustainable Infrastructure plc (NasdaqGS:AY) entered into an agreement to acquire a 49% stake in 596 MW Wind Portfolio in the US from OMERS Infrastructure for approximately $200 million on April 5, 2021. Atlantica’s initial investment is expected to be approximately $196.5 million. The transaction price represents an Enterprise Value / EBITDA multiple of approximately 5.9 times. The transaction is subject to customary conditions and regulatory approvals. Closing is expected to take place in the third quarter of 2021. This investment should be highly accretive to Atlantica. Scotiabank acted as financial advisor to OMERS. Robert Freedman and Scott Petepiece of Shearman & Sterling LLP acted as legal advisors to OMERS Infrastructure. Atlantica Sustainable Infrastructure plc (NasdaqGS:AY) completed the acquisition of a 49% stake in 596 MW Wind Portfolio in the US from OMERS Infrastructure on June 16, 2021.