EnfraGen LLC, a developer, owner and operator of sustainable and renewable power and grid stability assets in Latin America and owned by Partners Group and Glenfarne Energy Transition LLC, has purchased six assets in Panama and Costa Rica with a combined capacity of 188 MW of renewable energy from Grupo Argos subsidiary Celsia SA.
The transaction includes the acquisition of EnfraGen’s first wind and Costa Rican asset. The renewable power facilities in the transaction are Dos Mares Hydro Complex, three run-of-river (ROR) downstream hydro plants in Panama, Prudencia and Divisa, two solar PV plants in Panama and Guanacaste Wind Farm, a wind installation located in Costa Rica. At close, EnfraGen’s operational and in-construction assets will total over 2.1 GW of capacity 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,” states Ed Diffendal, managing director and co-head of private infrastructure Americas at Partners Group. “EnfraGen is growing in a sustainable manner that is helping the global energy transition, which reflects Partners Group’s commitment to investing in next-generation infrastructure platforms.”
Paul Hastings LLP, Sigma Law Firm in Panama, and Dentons Muñoz in Costa Rica acted as legal advisors for EnfraGen.