Brookfield Infrastructure Debt I LP, a fund affiliated with Canadian investment manager Brookfield Corp (NYSE:BN) and its family of companies, is interested in wielding decisive influence over the management of the Cerro Dominador concentrated solar power (CSP) and photovoltaic complex in Chile, according to a notice to Chilean antitrust authority FNE.
The notice states that Brookfield, through BID US Bermuda Finco Limited, and Cerro Dominador Inversiones SpA were parties to a concentration transaction. The transaction consisted of “the acquisition by BID US of political rights that would allow it to decisively influence the management of CD-Inversiones and its subsidiaries”. Those subsidiaries are two project companies, each owning a piece of the complex — one the CSP plant and their the photovoltaic farm.
FNE said it would initiate a review of the operation in line with the law on the defence of free competition.
The Cerro Dominador complex, with 110 MW of installed CSP and 100 MW of solar PV, is fully owned by Grupo Cerro, itself owned by funds managed by Washington-based energy sector investor EIG. Cerro Dominador Inversiones and its subsidiaries are all part of the larger Cerro Dominador Group owned by EIG funds.