EnfraGen is now one of Panama’s largest renewable energy generators, boasting an operational capacity of 168 MW in Panama and over 2.1 GW across Central and South America
PANAMA CITY–(BUSINESS WIRE)–EnfraGen, LLC, (“EnfraGen”), a developer, owner and operator of specialized sustainable and renewable power and grid stability assets in Latin America owned by Glenfarne Energy Transition, LLC (“Glenfarne”), a global energy transition leader providing critical solutions to lower the world’s carbon footprint, and leading global private markets firm Partners Group, on behalf of its clients, today announced it has established a regional headquarters in Panama, signaling the company’s continued investment in the country and region.
In addition to today’s announcement, in November 2023 EnfraGen also announced the acquisition of six operational renewable energy assets in Panama and Costa Rica, including three hydroelectric plants and two photovoltaic solar plants with a combined capacity of 138 MW in Panama and one 50 MW wind farm in Costa Rica. This strategic acquisition positions EnfraGen as one of the top renewable energy producers in Panama with a total operating capacity of 168 MW in Panama and establishes its presence in Costa Rica.
Brendan Duval, CEO of EnfraGen, stated: “By opening our regional headquarters in Panama, we reaffirm our commitment to the energy transition in Panama and the region. Panama is a pivotal market in our strategic vision, and we are dedicated to fostering innovation and sustainable growth in the region from the Panama office.”
EnfraGen first established a business development office in Panama in 2011, and in 2018 completed the acquisition of three hydroelectric plants with a capacity of 30 megawatts in the Chiriquí province. Today, the company has an operational capacity of over 2.1 GW across the Americas, comprising assets in Chile, Colombia, Panama, and Costa Rica and corporate offices in the United States of America.
James Pontiff, CEO of EnfraGen Central America, added: “The establishment of EnfraGen’s regional headquarters in Panama allows us to make a substantial contribution to the country´s energy landscape and strengthens our commitment to investing further in renewable energy and grid stability in Latin America. EnfraGen is ambitious about making additional investment in Panama in the coming 12 months, including building new solar plants.”
About EnfraGen
EnfraGen is a developer, owner, and operator of grid stability and value-added renewable energy infrastructure businesses across Latin America. EnfraGen’s grid stability assets supply flexible capacity and energy to local and regional grids in support of renewable power plant intermittent energy production. EnfraGen’s renewable plants are smaller scale, distributed solar photovoltaic and hydroelectric assets that take advantage of unique access points to electrical infrastructure or are located in optimized geographical locations. The business’ mission is to support the transition to zero-carbon emission electric grids.
EnfraGen is jointly controlled by Glenfarne Energy Transition, LLC, and global private markets investment manager Partners Group, on behalf of its clients, and has operational and in-construction assets across its subsidiaries totaling over 2.1 GW of installed capacity upon completion of its most recent acquisition. The company, including its affiliates and subsidiaries, is supported by a team of over 400 professionals. EnfraGen maintains offices and assets in Panama, Costa Rica, Chile, Colombia, and the United States. For more information, please visit www.EnfraGen.com.
About Glenfarne Energy Transition
Glenfarne Energy Transition is a wholly owned subsidiary of Glenfarne Group, a privately held energy and infrastructure development and management firm based in New York City and Houston, Texas, with offices in Dallas, Texas; Panama City, Panama; Santiago, Chile; Bogota, Colombia; Barcelona, Spain; and Seoul, South Korea. Glenfarne Energy Transition aims to address the “here and now” global energy transition through three core businesses: Global LNG Solutions, Renewables, and Grid Stability. The company’s seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy infrastructure assets throughout North and South America. For more information, please visit www.GlenfarneEnergyTransition.com.
About Partners Group
Partners Group is a leading global private markets firm. Since 1996, the firm has invested USD 200 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. Partners Group seeks to generate superior returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with lasting, positive impact for all its stakeholders. With USD 142 billion in assets under management as of 30 June 2023, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,800 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit https://www.partnersgroup.com or follow us on LinkedIn or Twitter.
Contacts
Press: Kris Cole
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(310) 652-1411
