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EnfraGen Awarded Acquisition Deal of the Year by Project Finance International

PRIVATEJan 29, 2024

Acquiring Company

EnfraGen

Acquired Company

Celsia

New YorkMedellínRenewable EnergyUtilities

Description

EnfraGen, LLC and its joint venture owners, Glenfarne Energy Transition, LLC and Partners Group, have been awarded the “Acquisition Deal of the Year” for the Americas by Project Finance International for their acquisition of 188-megawatts of renewable power from Celsia S.A. This acquisition strengthens EnfraGen's position as a leader in improving grid stability and advancing the energy transition across Latin America while also expanding their renewable energy portfolio to include a variety of assets across Costa Rica and Panama.

Quick answer

EnfraGen is acquiring Celsia, announced January 29, 2024. EnfraGen is based in New York, New York, United States.

How much did EnfraGen pay for Celsia?
The deal value was not disclosed.
What does EnfraGen do?
EnfraGen is a developer, owner, and operator of grid stability and value-added renewable energy infrastructure businesses across Latin American investment-grade countries.
Where are EnfraGen and Celsia based?
EnfraGen is based in New York, New York, United States. Celsia is based in Medellín, Antioquia, Colombia.
Who are the decision-makers at EnfraGen?
Fundz holds 1 contact at EnfraGen. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

EnfraGen

Location

New York, New York, United States

About

EnfraGen is a developer, owner, and operator of grid stability and value-added renewable energy infrastructure businesses across Latin American investment-grade countries. 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.

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Frequently asked

Who acquired Celsia?

Celsia was acquired by EnfraGen, based in New York. The deal was reported on January 29, 2024. EnfraGen is a developer, owner, and operator of grid stability and value-added renewable energy infrastructure businesses across Latin American investment-grade countries. EnfraGen is privately held and operates in Renewable Energy.

When did EnfraGen acquire Celsia?

EnfraGen's acquisition of Celsia was reported on January 29, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Celsia do?

Celsia is the energy subsidiary of the Argos Group. It operates in the renewable energy sector with a focus on hydroelectric, solar, and thermal assets. The company aims to enhance its domestic growth strategy in non-conventional energy. It is privately held, operating in Utilities, and is based in Medellín.

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