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EnfraGen announces the acquisition of six renewable assets

EnfraGen announced the acquisition of six assets in Panama and Costa Rica, with a total capacity of 188 MW, from Celsia S.A., a Colombian subsidiary of Argos Group. This acquisition marks an important step in EnfraGen's development strategy in the region.

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EnfraGen, LLC, a developer, owner and operator of sustainable and renewable energy and grid stability assets in Latin America, owned by Glenfarne Energy Transition, LLC and Partners Group, announced today that it has entered into an agreement to acquire six assets in Panama and Costa Rica.

These assets have a combined capacity of 188 megawatts of renewable energy owned by Argos Group’s Colombian subsidiary Celsia S.A. This transaction also includes the acquisition of EnfraGen’s first wind farm and Costa Rican assets.

Different sources of renewable energy

The six renewable energy facilities in the transaction include the Dos Mares Hydroelectric Complex (DMA), which consists of three downstream hydroelectric power plants (RORs) in Panama with a total installed capacity of 119.0 MW. The two photovoltaic plants Prudencia and Divisa (Solar Plants) in Panama have a total installed capacity of 19.7 MW. The Guanacaste Wind Farm (PEG), located in Costa Rica, is equipped with a wind power facility with an installed capacity of 49.5 MW.

Upon completion of the transaction, EnfraGen’s operational and construction assets will represent more than 2.1 GW of capacity in four countries: Chile, Panama, Colombia and Costa Rica, with corporate offices in Houston and New York, USA. Recently, EnfraGen acquired four downstream hydroelectric assets with a total capacity of 13.6 MW in southern Chile.

Paul Hastings LLP, SIGMA Law Firm in Panama and Dentons Muñoz in Costa Rica acted as legal counsel to EnfraGen in this transaction.

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