EnfraGen to get 188-MW sustainable portfolio in Panama, Costa Rica

May 8, 2023 02:37 PM ET
  • EnfraGen LLC, a Latin America-focused renewables and also grid business, on Friday introduced a deal to acquire a 188-MW portfolio of wind, solar and also hydropower (HPP) plants in Panama and Costa Rica.
EnfraGen to get 188-MW sustainable portfolio in Panama, Costa Rica

The joint venture of GlenFarne Energy Transition LLC and also Switzerland-based private markets investment supervisor Partners Group Holding AG (SWX: PGHN) will acquire the assets from Colombian power firm Celsia SA, part of residential empire Grupo Argos. Financial details were not offered.

The target bundle includes six assets, specifically the 119-MW Dos Mares Hydro Complex in Panama comprised of 3 run-of-river HPPs, the Prudencia and also Divisa solar parks in Panama amounting to 19.7 MW and the 49.5-MW Guanacaste Wind Farm in Costa Rica. When the assets enter into EnfraGen's portfolio, the business will have a functional and in-construction fleet of over 2.1 GW across Chile, Panama, Colombia, and also Costa Rica.

"The acquisition of these renewable resource assets should favorably affect EnfraGen's monetary efficiency as well as geographically diversify its portfolio," stated Ed Diffendal, taking care of supervisor of Private Infrastructure Americas at Partners Group.

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