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Investments carried under the equity method
 6 Months Ended
Jun. 30, 2021
Investments carried under the equity method [Abstract]  
Investments carried under the equity method
Note 7. - Investments carried under the equity method
The table below shows the breakdown of the investments held in associates as of June 30, 2021 and December 31, 2020:

   
Balance as of
June 30,
2021
    
Balance as of
December 31,
2020
  
   
($ in thousands)
  
 2007 Vento II, LLC     181,144       -  
Evacuación Valdecaballeros, S.L.
    
989
      
976
  
Myah Bahr Honaine, S.P.A
    
41,210
      
39,204
  
Pectonex, R.F. Proprietary Limited
    
1,540
      
1,587
  
Ca Ku A1, S.A.P.I. de CV (PTS)
    
-
      
30
  
Evacuación Villanueva del Rey, S.L
    
-
      
-
  
Windlectric Inc
    
51,754
      
59,116
  
Pemcorp SAPI de CV
    
11,767
      
15,514
  
Other renewable energy associates
    
296
      
186
  
Total
    
288,701
      
116,614
  

Myah Bahr Honaine, S.P.A., the project entity, is 51% owned by Geida Tlemcen, S.L., which is accounted for using the equity method in these Consolidated Condensed Interim Financial Statements. Geida Tlemcen, S.L. is 50% owned by Atlantica.
Windlectric Inc., the project entity, is 100% owned by Amherst Island Partnership, which is accounted for under the equity method in these Consolidated Condensed Interim Financial Statements.
Pemcorp SAPI de CV, Monterrey´s project entity, is 100% owned by Arroyo Netherlands II B.V., which is accounted for under the equity method in these Consolidated Condensed Interim Financial Statements. Arroyo Netherlands II B.V. is 30% owned by Atlantica.
2007 Vento II, LLC, is the holding company of a 596 MW portfolio of wind assets in the U.S., 49% owned by Atlantica since June 16, 2021, and accounted for under the equity method in these Consolidated Condensed Interim Financial Statements (Note 1).

The increase in investments carried under the equity method as of June 30, 2021, is primarily due to the investment in Vento II, which has been partially offset by the distributions received by Atlantica Yield Energy Solutions Canada Inc. (“AYES Canada”) from Amherst Island Partnership for $8.9 million. A significant portion of the distributions received from Amherst are distributed by the Company to its partner in this project (Note 13).