Costa Rica's ICE contracts 166 MW of solar, wind from private sector
Sep 10, 2024 16:44 CESTEnfraGen LLC, a Latin America-focused renewables and grid business, has wrapped up the acquisition of a 188-MW portfolio of wind, solar and hydropower (HPP) plants in Panama and Costa Rica and concluded a debt refinancing deal.
The deal makes EnfraGen the owner of Latin American six assets, the joint venture of GlenFarne Energy Transition LLC and Switzerland-based private markets investment manager Partners Group Holding AG (SWX:PGHN) said on Thursday. As announced in May, the bundle consists of the 119-MW Dos Mares run-of-river hydro complex in Panama, the Prudencia and Divisa solar parks in Panama totalling 19.7 MW and the 49.5-MW Guanacaste wind farm in Costa Rica.
“These assets will integrate seamlessly into EnfraGen’s existing renewable operations across the region and will immediately be accretive to EnfraGen’s balance sheet,” said Brendan Duval, CEO and founder of EnfraGen.
The portfolio was sold by Colombian power company Celsia SA, part of domestic conglomerate Grupo Argos. The transaction’s closing was followed by the refinancing of EnfraGen’s main bank debt facility signed at end-2020 for another five years, enabling the company to include the cashflow profile of the new assets.
Costa Rica's ICE contracts 166 MW of solar, wind from private sector
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