EnfraGen, LLC, a developer, owner and operator of specialized sustainable and renewable energy and grid stability assets in Latin America owned by Glenfarne Energy Transition, LLC , a global leader in energy transition providing essential solutions to reduce the world’s carbon footprint, and leading international private markets firm Partners Group , on behalf of its clients, today announced that they have signed an agreement to acquire six assets in the Panama and Costa Rica with a combined capacity of 188 megawatts (“MW”) of renewable energy from Grupo Argos’ subsidiary, Celsia SA, a Colombian electricity company focused on renewable energy and energy efficiency.
Brendan Duval, Chief Executive Officer and Founder of EnfraGen and Glenfarne Energy Transition, LLC, commented, “This acquisition continues to expand EnfraGen’s diverse renewable energy portfolio and advances our mission to accelerate the energy transition in Latin America and beyond. The investment Continued expansion in these high-quality, high-growth markets aligns well with EnfraGen’s goals.”
The transaction includes the acquisition of EnfraGen’s first wind and Costa Rican asset. The renewable energy facilities in the transaction are:
- Dos Mares Hydroelectric Complex (“DMA”): three run-of-river hydroelectric power plants (“ROR”) downstream in Panama, totaling 119.0 MW of installed capacity.
- Prudencia and Divisa (“Solar Power Plants”): two photovoltaic solar power plants in Panama totaling 19.7 MW of installed capacity.
- Guanacaste Eolic Park (“PEG”): a wind farm located in Costa Rica totaling 49.5 MW of installed capacity.
Ed Diffendal, Managing Director and Co-Head of Private Infrastructure, Partners Group Americas, commented, “The acquisition of these renewable energy assets should positively impact EnfraGen’s financial performance and geographically diversify its portfolio. EnfraGen has been growing sustainably, helping to global energy transition, which reflects Partners Group’s commitment to investing in next-generation infrastructure platforms.”
“Panama has always been an attractive market for EnfraGen‘s potential expansion strategically driven by its well-managed US dollar-based economy and our five years of positive and successful operations with our existing hydropower assets in the country,” said Bryan Murphy , President and General Counsel of EnfraGen. “Panama’s energy market is properly regulated, works efficiently and has embraced the energy transition, which are three important items we considered when developing EnfraGen.”
SOURCE: Businesswire