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