Investments carried under the equity method (Tables)

12 Months Ended

Dec. 31, 2023

Investments carried under the equity method [Abstract]

Investments in associates and joint ventures

The table below shows the breakdown and the movement of the investments held in associates and joint ventures for 2023 and 2022:

Investments in associates and joint ventures	2023			2022
Initial balance		260,031			294,581
Share of profit		13,207			21,465
Distributions		(38,780	)		(57,537	)
New entities carried under the equity method		4,439			4,901
Investment in associates classified as held for sale during the year (Note 8)		(10,194	)		-
Others (incl. currency translation differences)		1,604			(3,379	)
Final balance		230,307			260,031

Breakdown of investments held in associates

The tables below show a breakdown of stand-alone amounts of assets, revenues and profit and loss as well as other information of interest for the years 2023 and 2022 for the entities carried under the equity method:

Company	% Shares of the Company		Non- current assets		Current assets		Project debt		Other non- current liabilities		Other current liabilities		Revenue		Operating profit/ (loss)			Net profit/ (loss)			Investment under the equity method
2007 Vento II, LLC (1)		49.00		411,099		25,777		-		56,508		11,285		82,849		21,024			19,752			175,351
Windlectric Inc (2)		30.00		284,618		30,884		-		159,406		77,389		21,514		8,515			(2,157	)		1,910
Myah Bahr Honaine, S.P.A.(3)		25.50		155,338		63,451		35,569		20,240		4,653		56,172		34,576			27,084			40,635
Akuo Atlantica PMGD Holding S.P.A. (4)		49.00		56,214		7,210		24,214		18,090		13,739		192		(75	)		(83	)		4,409
Colombian portfolio of renewable energy entities		50.00		9,092		4,970		-		9,872		956		-		(587	)		1,920			4,754
Pectonex, R.F. Proprietary Limited		50.00		1,749		-		-		1		-		-		(149	)		(149	)		1,337
Evacuación Valdecaballeros, S.L.		57.16		15,839		1,005		-		13,538		159		878		(59	)		(91	)		807
Atlantica SailH2, S.L.		50.00		499		333		-		-		165		-		-			-			653
Evacuación Villanueva del Rey, S.L.		40.02		2,218		83		-		1,308		181		-		63			-			-
Liberty Infraestructuras S.L.		20.00		81		357		-		-		-		4		(46	)		(68	)		-
Fontanil Solar, S.L.U.		25.00		328		13		-		354		7		-		(1	)		(18	)		229
Murum Solar, S.L.U.		25.00		266		35		-		314		-		-		(1	)		(15	)		222
As of December 31, 2023																						230,307

Company	% Shares of the Company		Non- current assets		Current assets		Project debt		Other non- current liabilities		Other current liabilities		Revenue		Operating profit/ (loss)			Net profit/ (loss)			Investment under the equity method
2007 Vento II, LLC (1)		49.00		435,029		14,198		-		57,596		11,515		103,362		42,662			40,992			181,735
Windlectric Inc (2)		30.00		278,504		3,338		-		167,519		43,227		24,996		10,560			(15	)		18,935
Myah Bahr Honaine, S.P.A.(3)		25.50		150,623		66,246		43,579		18,902		4,257		55,267		33,374			26,768			42,128
Akuo Atlantica PMGD Holding S.P.A. (4)		49.00		14,814		2,828		-		8,755		326		-		-			(348	)		4,450
Pemcorp SAPI de CV (5)		30.00		138,931		112,352		159,382		90,474		4,328		45,625		1,680			(17,747	)		10,034
Pectonex, R.F. Proprietary Limited		50.00		2,045		-		-		-		1		-		(168	)		(168	)		1,411
Evacuación Valdecaballeros, S.L.		57.16		15,551		1,020		-		13,635		232		860		(60	)		(89	)		858
Evacuación Villanueva del Rey, S.L.		40.02		2,317		12		-		1,386		111		-		57			-			-
Liberty Infraestructuras S.L.		20.00		93		283		-		-		37		-		-			(22	)		29
Fontanil Solar, S.L.U.		25.00		117		7		-		99		24		-		(1	)		(2	)		229
Murum Solar, S.L.U.		25.00		228		8		-		180		59		-		(1	)		(5	)		222
As of December 31, 2022																						260,031

The Company has no control over Evacuación Valdecaballeros, S.L. as all relevant decisions of this company require the approval of a minimum of shareholders accounting for more than 75% of the shares.

None of the associated companies referred to above is a listed company. 

(1) 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 Financial Statements. Share of profit of 2007 Vento II, LLC. included in these Consolidated Financial Statements amounts to $9.7 million in 2023 and $20.1 million in 2022.

(2) Windlectric Inc., the project entity, is 100% owned by Amherst Island Partnership which is accounted for under the equity method in these Consolidated Financial Statements.

(3) 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 Financial Statements. Geida Tlemcen, S.L. is 50% owned by Atlantica. Share of profit of Myah Bahr Honaine S.P.A. included in these Consolidated Financial Statements amounts to $6.9 million in 2023 and $6.8 million in 2022.

(4) Akuo Atlantica PMGD Holding S.P.A. is the holding company of a 80 MW portfolio of solar PV assets in Chile, which is currently under construction, 49% owned by Atlantica, with joint control since November 2022 and accounted for under the equity method in these Consolidated Financial Statements.

(5) Pemcorp SAPI de CV, Monterrey´s project entity, is 100% owned by Arroyo Netherlands II B.V., which was accounted for under the equity method in the Consolidated Financial Statements as of December 31, 2022. Arroyo Netherlands II B.V. is 30% owned by Atlantica. The investment held by Atlantica in Pemcorp has been classified as held for sale in these Consolidated Financial (Note 8). Share of profit of Pemcorp SAPI de CV included in these Consolidated Financial Statements amounts to a $0.2 million profit in 2023 and a $5.3 million loss in 2022.