EnfraGen, owned by Glenfarne Energy Transition, LLC, and Partners Group, announced this significant move as part of its ongoing investment in the country and the wider region. in November 2023 it announced the acquisition of six operational renewable energy assets in Panama and Costa Rica, including three hydroelectric plants and two photovoltaic solar plants with a combined capacity of 138 MW in Panama and one 50 MW wind farm in Costa Rica.
Brendan Duval, CEO of EnfraGen, stated: "By opening our regional headquarters in Panama, we reaffirm our commitment to the energy transition in Panama and the region. Panama is a pivotal market in our strategic vision, and we are dedicated to fostering innovation and sustainable growth in the region from the Panama office."
EnfraGen's journey in Panama began in 2011 with the establishment of a business development office. In 2018, the company completed the acquisition of three hydroelectric plants with a capacity of 30 megawatts in the Chiriquí province. Today, EnfraGen's operational capacity spans over 2.1 GW across the Americas, encompassing assets in Chile, Colombia, Panama, and Costa Rica, with corporate offices in the US.
James Pontiff, CEO of EnfraGen Central America, added: "The establishment of EnfraGen’s regional headquarters in Panama allows us to make a substantial contribution to the country´s energy landscape and strengthens our commitment to investing further in renewable energy and grid stability in Latin America. EnfraGen is ambitious about making additional investment in Panama in the coming 12 months, including building new solar plants."
