El Águila Energy II SpA agreed to acquire 50% plus one share stake in Guacolda Energía SpA. from AES Andes S.A. (SNSE:AESGENER) for $34 million on February 23, 2021. The Company will use the net proceeds of the $34 million sale to fund renewable growth.

El Águila Energy II SpA completed the acquisition of 50% plus one share stake in Guacolda Energía SpA. from AES Andes S.A. (SNSE:AESGENER) on July 20, 2021. On July 14, 2021, the sale was approved by the National Economic Prosecutor's Office