Partners Group and Glenfarne Energy Transition Joint Venture EnfraGen Announces EPC Contracts for Eight Chilean Solar Projects in its Fontus Renewables Subsidiary

EnfraGen, LLC (“EnfraGen”), a developer, owner, and operator of specialized sustainable and renewable power and grid stability assets in Latin America owned by leading global private markets firm Partners Group, on behalf of its clients, and Glenfarne Energy Transition, LLC (“Glenfarne”), has entered into EPC contracts with Verano Energy (“Verano”), to construct eight Chilean solar photovoltaic (PV) projects.

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“We are excited to partner with Verano Energy and move forward with these new eight projects. EnfraGen is focused on contributing to and advancing Chile’s leadership role in the energy transition through renewable power growth and grid stability. These projects exemplify EnfraGen’s mission.”

EnfraGen has provided Verano with a notice to proceed beginning the construction process.

The projects, once completed and in operation, will total approximately 76 MWdc (59 MWac) of installed capacity. When combined with the newly acquired and existing operating solar projects owned by EnfraGen, the solar portfolio will total 246 MWdc (185 MWac). All projects will qualify for Chile’s stabilized price regime as PMG/PMGD plants and add to EnfraGen’s existing value-added renewable power business division, Fontus Renewables (“Fontus”).

Brendan Wolters, Head of Solar for Fontus said, “We are excited to partner with Verano Energy and move forward with these new eight projects. EnfraGen is focused on contributing to and advancing Chile’s leadership role in the energy transition through renewable power growth and grid stability. These projects exemplify EnfraGen’s mission.”

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The eight projects are currently owned outside of EnfraGen’s existing senior credit group, which was established following a 2020 refinancing.

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 nearly 1.9 GW of installed capacity The company, including its affiliates and subsidiaries, is supported by a team of nearly 400 professionals. EnfraGen maintains offices and assets in Chile, Panama, Colombia, and the United States.

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