Energy Capital Partners is in advanced talks to acquire Atlantica Sustainable Infrastructure Plc, an owner of renewable power assets, according to people with knowledge of the matter.
The private equity firm has been negotiating terms of a deal to buy UK-based Atlantica, the people said, asking not to be identified because the information is private. It could reach a deal as soon as the next few weeks, according to the people.
Shares of Atlantica, which had fallen about 18% in the past year, jumped as much as 12% in US trading Thursday. They closed up 2.4% to $21.42, giving the company a market capitalization of about $2.5 billion. The company is currently valued at about $7 billion including debt, according to data compiled by Bloomberg.
