EnfraGen, a Glenfarne Energy Transition company, and Partners Group have reached a deal with Celsia to buy six renewable assets in Panama and Costa Rica totaling 188 MW. Grupo Argos is the parent company of Celsia, a Colombian electricity company. The Dos Mares Hydro Complex, which consists of three run-of-river downstream hydropower units in Panama with a combined capacity of 119 MW, is included in the transaction. The second set of assets includes two solar plants in Panama, Prudencia and Divisa, with a total capacity of 19.7 MW. The 49 MW Guanacaste wind farm, which is situated in Costa Rica, is the third asset.
After the transaction is closed, EnfraGen’s portfolio of renewable energy assets, both under operation and under construction, will total more than 2.1 GW across Chile, Panama, Colombia, and Costa Rica. Earlier this year, EnfraGen entered into engineering, procurement, and construction (EPC) contracts with Verano Energy to build eight solar projects totaling 76 MW in Chile. In 2022, EnfraGen acquired four run-of-river hydropower projects in Chile, totaling 13.6 MW, from Invercap, an investment group operating in the country.