Carey: Brookfield acquires majority stake in Chilean solar power group

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The renewable energy branch of Canadian asset management fund Brookfield has turned to Carey to acquire a majority stake in Chilean solar project company Solarity.

Prieto advised the seller, Chilean energy-focused holding company Light E, while the Solarity’s co-founders, Horacio Melo and José Luis Carvallo, enlisted Echeverría Ilharreborde Scagliotti.

The deal closed on 17 March for an undisclosed amount.

Brookfield invested in Solarity to help the Chilean energy group expand and achieve its goal of having 1,000 operational plants by 2030. This plan is in line with Chile’s national pledge to become carbon neutral by 2050.

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