[ad_1]
Newly fashioned entity consists of the just lately accomplished acquisition of ANPAC portfolio of 11 run-of-river hydroelectric crops in addition to the prevailing Cerro Dominador crops
Platform is nicely positioned to help the power transition in Chile with progressive initiatives offering renewable power 24/7
Washington & Santiago, Chile–(ANTARA/Enterprise Wire)- EIG, an institutional investor to the worldwide power sector and one of many world’s main infrastructure buyers, at the moment launched Grupo Cerro, a brand new renewable power platform in Chile. The newly fashioned entity consists of EIG-owned Cerro Dominador crops and the just lately acquired ANPAC, the proprietor of a portfolio of 11 small and medium run-of-river hydroelectric energy crops within the O’Higgins, El Maule, Bio Bio and La Araucania areas. The 110 MW ANPAC portfolio consists of working crops and initiatives at varied phases of building and improvement in each the spot and stabilized-tariff markets.
Following the acquisition, Grupo Cerro now manages over 280 MW of put in capability in Chile, together with the Cerro Dominador Photovoltaic (PV) and Concentrated Photo voltaic Energy (CSP) crops. The group’s portfolio additionally consists of a number of initiatives in superior phases of building and improvement, together with the Likana Photo voltaic complicated, one of many largest CSP initiatives on the planet with a capability of 690 MW, Pampa Union, a 600 MW PV energy plant, in addition to greater than 40 MW of run-of-river hydroelectric energy crops.
R. Blair Thomas, EIG’s Chairman and CEO, mentioned, “The transaction is anticipated to offer portfolio synergies, create working efficiencies and improve technological and geographic diversification for Grupo Cerro. After the completion and synchronization of the ground-breaking Cerro Dominador solar energy plant in 2021, the primary CSP venture in Latin America, this transaction marks one other vital milestone in our technique to put money into high-quality property, best-in-class groups and power infrastructure supporting the power transition in Chile.”
Fernando Gonzalez, CEO of Grupo Cerro, mentioned, “This transaction advances our dedication to Chile’s development. These crops, mixed with our Likana Photo voltaic and Pampa Union initiatives now underneath improvement, will assist diversify our renewable power portfolio geographically to have the ability to additional safe low-cost renewable power manufacturing for the Chilean market and proceed supplying clear energy all through the nation 24 hours a day.”
About EIG
About Grupo Cerro
Grupo Cerro is a newly fashioned renewable power firm which goals to construct a sustainable future by offering the Chilean system and prospects clear, manageable energy 24 hours a day. The corporate manages a portfolio of greater than 280 MW of working initiatives all through Chile and a 1.3 GW improvement pipeline.
Contacts
Media Contacts:
EIG
FGS World
Kelly Kimberly / Brandon Messina
+1 212-687-8080
Cerro Dominador
María José López
HR & Company Affairs Director
Supply: EIG
[ad_2]
Source link