Sonnedix completed the acquisition of ARCO from Arroyo.

Sonnedix, the international renewable energy producer, completed the acquisition of ARCO, one of the largest independent renewable power producers in Chil, from Arroyo, which established ARCO to pursue investment opportunities in the renewable generation markets in Chile. Financial terms were not disclosed. "Sonnedix has been preparing for the next phase of the energy transition – providing green, affordable electricity targeted at our customers’ needs – this acquisition allows us to start to hybridize our generation profile, and is the first step in our journey to become a true customer-oriented, risk-balanced, renewable energy solutions provider," Axel Thiemann, Sonnedix CEO.