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Asset/Investment Management
atitlan.es

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Investments

2

About Atitlan

Atitlan is an investment group focused mainly on Spain and Portugal.

Atitlan Headquarters Location

Calle Don Juan de Austria 30, 3º

Valencia, 46002,

Spain

+34 963 53 63 14

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Latest Atitlan News

Atitlan Raises to €195 Million its Photovoltaic Investment With its Fourth Plant in Alicante

Nov 11, 2021

The photovoltaic solar energy division of the investment group Atitlan, led by Roberto Centeno, son-in-law of Juan Roig, and Aritza Rodero, has started the processing of its fourth plant in the province of Alicante. The project to install 116 megawatts (MW) of power foresees an investment of more than $72 million (€62 million). This is the fourth project in the province, where it has also submitted applications for two plants in Orihuela and another in the municipalities of Villena and Salinas, which has been rejected by some social and environmental groups. In total, this installation would add up to a total investment of $226 million (€195 million) to build 384 MW of power. Read more about the new photovoltaic plant in Alicante that the company Atitlan will build and read the latest economic news from around the world with the Born2Invest mobile app. An investment of more than $72 million (€62 million) will be made The new initiative aims to build a photovoltaic plant in the municipalities of Monóvar and Salinas, in the province of Alicante. The project, promoted through the Vulpes Velox Invest company, has requested the corresponding Prior Administrative Authorization and Environmental Impact Assessment. The construction of this project foresees an investment of more than $72 million (€62 million), taking into account the material execution budget of the plant and its evacuation infrastructures. That will mean an economic injection for the municipal coffers of the town councils of Monóvar and Salinas of around $4.6 million (€4 million) in construction taxes, rates, and canon, in addition to other taxes associated with the operation that will be paid annually throughout the useful life of the installation. The solar photovoltaic plant will generate 230 GWh annually, that is, the average annual consumption of more than 70,000 Spanish households, and will prevent the emission into the atmosphere of more than 88,000 tons of CO2, equivalent to the planting of 300,000 trees. The energy generated at the plant will be evacuated at the Novelda electrical substation, owned by Red Eléctrica de España, through evacuation infrastructures shared with other developers who have access and connection permits at this same substation, thus minimizing the environmental impact of the infrastructures required for the connection. The use of concrete and earthworks will be practically nil, guaranteeing the colonization of the entire terrain by wild vegetation. It is estimated that the construction of the facilities will employ more than 600 people, both directly and indirectly, as well as promoting local employment, with the support of the local councils. Prior to defining the site and the layout of the evacuation infrastructures, the company has held several working meetings with the municipalities involved. As a result of these meetings, specific initiatives have arisen for this project, such as the acquisition of the vineyard rights of some plots of land and the commitment to transfer them to local farmers and wineries, as wine production is one of the main economic drivers of the area. __ DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our  disclaimer  for more information. This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these  important disclosures . First published in  elEconomista.es , a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail. Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Atitlan Investments

2 Investments

Atitlan has made 2 investments. Their latest investment was in The Bridge as part of their Seed on June 6, 2022.

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Atitlan Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/30/2022

Seed

The Bridge

$5.22M

Yes

1

1/19/2021

Private Equity

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10

Date

6/30/2022

1/19/2021

Round

Seed

Private Equity

Company

The Bridge

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Amount

$5.22M

New?

Yes

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Co-Investors

Sources

1

10

Atitlan Acquisitions

2 Acquisitions

Atitlan acquired 2 companies. Their latest acquisition was The Black Turtle on November 21, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/21/2019

$99M

Acquired

1

9/27/2019

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$99M

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10

Date

11/21/2019

9/27/2019

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acquired

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Sources

1

10

Atitlan Team

1 Team Member

Atitlan has 1 team member, including current Chief Executive Officer, Cristina Alba Ochoa.

Name

Work History

Title

Status

Cristina Alba Ochoa

OakNorth Bank, and GE Capital

Chief Executive Officer

Current

Name

Cristina Alba Ochoa

Work History

OakNorth Bank, and GE Capital

Title

Chief Executive Officer

Status

Current

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