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Glenfarne Energy Transition and Partners Group Joint Venture EnfraGen Announces Acquisition of Four Run-of-River Hydro Assets in Southern Chile

The four assets represent 13.6 MW of renewable, reliable energy capacity

EnfraGen, LLC (“EnfraGen”), a developer, owner, and operator of specialized sustainable, renewable power and grid stability assets in Latin America owned by Glenfarne Energy Transition, LLC, a global energy transition company providing critical solutions to lower the world’s carbon footprint addressing the “here and now” energy transition and leading global private markets firm, Partners Group, on behalf of its clients, announces the acquisition of four run-of-river hydropower assets in southern Chile, totaling 13.6 MW, from Invercap S.A., an investment group focused on mining and steel in Chile.

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“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.”

The acquired assets are owned outside of EnfraGen’s existing senior credit group, which was established following a 2020 refinancing. The four plants will be operated by Prime Energía SpA, a subsidiary of EnfraGen, 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,” said Brendan Duval, EnfraGen CEO and Founder and CEO and Founder of Glenfarne Energy Transition, LLC. “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.”

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Ed Diffendal, Managing Director, Private Infrastructure Americas, Partners Group, and EnfraGen Board Member added, “Partners Group is pleased to support the acquisition of these renewable hydropower assets in Chile. These assets are consistent with EnfraGen’s value-added renewable and grid stability business model and Partners Group’s commitment to investing in next-generation infrastructure.”

“With this acquisition, EnfraGen not only reaffirms its commitment to Chile in its strategy to achieve a sustainable energy transition, but also it confirms its intention to continue investing and growing in the country, contributing to grid stability and the development of more renewable energy,” said Jose Arosa, CEO of Prime Energía SpA, EnfraGen’s main Chilean subsidiary.

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