EnfraGen is the new owner of two solar farms located in Aguadulce and David, as well as a hydroelectric project in Gualaca, Chiriquí.

News from Panama / Friday, May 5th, 2023
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In an agreement between companies with a presence in the region, EnfraGen acquired from the energy company Celsia, a hydroelectric project and two solar farms that operated in Panama.

Through a press release, Celsia reported that she reached an agreement with EnfraGen to sell her the Dos Mares hydroelectric unit, with a capacity of 119 MW, which operates with water from the Estí and David rivers, in the province of Chiriquí.

He also sold the Divisa Solar farm, which works with 4,000 solar panels on 15 hectares, in Aguadulce, Coclé; and the Prudencia solar farm, with 25,000 panels, with a capacity of 10.55 MW, located in Las Lomas, David district, in Chiriquí.

The statement from Celsia, which is part of the Argos Group, reported that the Colón Thermal Complex will continue to operate in the country, in Bahía Las Minas, with a capacity of 120 MW to coal and 160 MW to liquid fuel (diesel-bunker).

“This agreement represents for Celsia an opportunity to strengthen its position as a relevant actor in the transformation of the energy sector in Central America. Our idea is to continue exploring new business opportunities in energy efficiency projects and management of transmission and distribution assets, and especially with solar energy for companies,” said Javier Gutiérrez, of Celsia Central America.

EnfraGen, which is part of Glenfarne Energy Transition, is a company with a prominent presence in the energy sector, specifically, in the electricity generation sector in Colombia, Chile and Panama.

Glenfarne, through its subcontracting company EnfraGen Spain, acquired in 2018, the Panamanian company Hydrotenencias, S.A., which manages three hydroelectric plants in Panama. These are the North & South and Concepción Pearls, located in Boquerón, Chiriquí.

In addition to the projects in Panama, EnfraGen acquired a wind plate from Celsia in Guanacaste, Costa Rica.

The transaction was made for $194 million, according to international media, and was advised by Banca de Inversión Bancolombia, S.A. and others, as well as the legal firm Alcogal, in Panama.