Zelestra, a global renewable energy company, has signed an agreement to sell its Latin American platform to the Colombian holding company Promigas S.A. The transaction contemplates a total capacity of more than 3.5 gigawatts (GW), including 1.4 GW contracted and more than 2.1 GW in advanced development projects in Chile, Peru and Colombia.
The transaction is part of Zelestra’s transformation process as it seeks to consolidate its position as a multi-technology leader in the European and US markets. The company, recently recognized by Bloomberg New Energy Finance as one of the top 10 clean energy providers for corporate clients, is withdrawing from the Andean region after more than 15 years of operations and a staff of more than 130 professionals in the area.
Promigas strengthens its regional presence in renewables
For Promigas, this acquisition represents a key strategic step in its “Nuestra Energía 2040” plan, which aims to diversify its energy portfolio, drive growth in unregulated businesses and expand into new geographies in Latin America.
With this transaction, the Colombian company adds more than 3.5 GW in installed capacity and under development, positioning itself as one of the most relevant players in the renewable energy sector in the region. The acquired portfolio includes 19 projects of solar energy storage and battery projects in advanced stages, in addition to those already in operation or under construction.
A transition subject to regulatory approvals
The closing of the agreement is still subject to obtaining the pertinent authorizations from the competition authorities in Colombia and Peru, as well as compliance with the usual requirements for this type of transaction. The process is expected to be completed in the coming months.
We are very proud of Zelestra’s impact in Latin America over the years and we are confident that the team will continue to have a great impact in the coming years under its new leadership.
Leo Moreno, CEO of Zelestra.
Pathways aligned with the energy transition
The decision of Zelestra to focus on markets with high energy demand, such as Europe and the United States, responds to its vision of multi-technology leadership and customer proximity. Promigas is strengthening its role in Latin America’s energy transition. Latin America’s energy transitionby adding clean energy solutions to its already diversified portfolio based on natural gas.
The sale of Zelestra’s Latin American platform marks a structural change in the regional energy map and consolidates Promigas as a key reference in renewable energies in the continent.
Source: Zelestra
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