LatAm-focused EnfraGen buys solar projects, plants in Chile

Solar power plant. Source: Gamesa Electric

March 18 (Renewables Now) - EnfraGen LLC, a developer, owner and operator of grid stability and renewable energy infrastructure businesses in Latin America, on Thursday announced that it has purchased several solar projects and plants in Chile.

The company, through its division Fontus Renewables, acquired ten ready-to-build solar photovoltaic (PV) projects, which will have around 90 MW of AC power once up and running.

On top of these, EnfraGen’s division bought three operating solar plants of 9 MW each.

With the ten projects, newly acquired and existing plants, EnfraGen's portfolio stands at 126 MW of AC power, the company said.

As small distributed generation projects of up to 9 MW, all assets will qualify for a stabilised price regime, locally known as PMG/PMGD.

Other details about the acquisition were not disclosed.

EnfraGen has signed EPC contracts with Greek builder Metka-EGN Limited and Spain’s Elecnor SA (BME:ENO) and their respective Chilean subsidiaries for the construction of the ten shovel-ready projects.

The LatAm-focused company said it has given the contractors a limited notice to proceed beginning the construction process.

EnfraGen is jointly controlled by Glenfarne Group LLC and private markets investment manager Partners Group.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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