EnfraGen LLC, a developer, owner and operator of sustainable, renewable power and grid stability assets in Latin America owned by the joint venture between Glenfarne Energy Transition LLC and Partners Group, has bought four run-of-river hydropower assets in southern Chile from Ivercap S.A.
The assets, totaling 13.6 megawatts, are owned outside of EnfraGen’s existing senior credit group. The four plants will be operated by Prime Energía SpA, and include La Arena, a 6.8 MW plant located near Puerto Montt; Tranquil, a 3.0 MW plant located near Panguipulli; San Victor, a 3.0 MW plant located near Puerto Aysen; and Cuchildeo, a 0.8 MW plant located near Hualaihue.
“The addition of these hydro plants to EnfraGen’s diversified energy and power asset portfolio are indicative of the transactions we will continue to pursue to grow EnfraGen into Latin America’s leading energy transition company,” comments Brendan Duval, EnfraGen CEO and founder, and CEO and founder of Glenfarne Energy Transition. “Like EnfraGen’s existing hydro assets in Panama, Southern Chile sits within a high-growth, emerging market with ample opportunity to utilize its natural, renewable energy sources to reduce carbon emissions and further Chile’s and Latin America’s energy transition.”