EnfraGen to buy 188-MW renewable portfolio in Panama, Costa Rica

EnfraGen LLC, a Latin America-focused renewables and grid business, on Friday announced a deal to acquire a 188-MW portfolio of wind, solar and hydropower (HPP) plants in Panama and Costa Rica.

The joint venture of GlenFarne Energy Transition LLC and Switzerland-based private markets investment manager Partners Group Holding AG (SWX:PGHN) will acquire the assets from Colombian power company Celsia SA, part of domestic conglomerate Grupo Argos. Financial details were not available.

The target bundle consists of six assets, namely the 119-MW Dos Mares Hydro Complex in Panama made up of three run-of-river HPPs, the Prudencia and Divisa solar parks in Panama totalling 19.7 MW and the 49.5-MW Guanacaste Wind Farm in Costa Rica. When the assets become part of EnfraGen’s portfolio, the company will have an operational and in-construction fleet of over 2.1 GW across Chile, Panama, Colombia, and Costa Rica.

“The acquisition of these renewable energy assets should positively impact EnfraGen’s financial performance and geographically diversify its portfolio,” said Ed Diffendal, managing director of Private Infrastructure Americas at Partners Group.

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