Trending...
- Annual and Extraordinary Shareholders' Meeting of Atento, S.A. held in Luxembourg in June 29th 2022 with 80.89% participation - Akshay Shah is elected as member to the board
- New Rochelle: City takes Green Step Forward with New Sustainable Landscaping Program
- *** NEWS RELEASE *** Yonkers Police Department Arrests Bronx Man in Homicide Investigation
Download
(Photo: Business Wire)
NEW YORK--(BUSINESS WIRE)--EnfraGen, LLC ("EnfraGen"), a developer, owner, and operator of specialized sustainable, renewable power and grid stability assets in Latin America owned by Glenfarne Group, LLC and leading global private markets firm Partners Group, on behalf of its clients, have raised $620,000 in a matching campaign for GivePower, a non-profit that works to improve the quality of life for people who need it most through solar energy impact projects.
EnfraGen first announced the multi-year partnership and the funding of the first project with GivePower in July 2021. The first project provided a solar microgrid to power a local health post, agro-processing facility, and school for the Kogi, an indigenous group living in the Sierra Nevada de Santa Marta, Colombia. The project was completed in January 2022, enhancing the lives of nearly 700 individuals.
Since that announcement, EnfraGen engaged and received multiple donations from leading international banks and law firms. The group was led by generous contributions from Glenfarne Group, Partners Group, SMBC Global Foundation, Mitsubishi UFJ Financial Group (MUFG), and Milbank LLP. Additional contributions were made by Paul Hastings LLP, White & Case LLP, Scotiabank, BNP Paribas, and Mizuho Americas.
The funds will be used by GivePower to develop and build essential infrastructure projects across Colombia, including solar microgrids, solar water farms and other projects focused on providing access to clean energy and water to thousands of people living in some of the most at-risk communities throughout the country.
More on Nyenta.com
The second project that will be funded is a solar microgrid and battery energy storage system in Coqui, an "afrodescendiente" village located in the department of Choco in Colombia's Pacific Coast. This infrastructure will provide clean energy to a local coconut processing facility, one of the community's most important small businesses and sources of employment and economic activity.
Additionally, these donations will finance a solar-powered recycling center in the Juanchaco & Ladrilleros region of Bahia Malaga, a bay also located in Colombia's Pacific Coast. This facility transforms plastic and glass waste into products for sale in the local community. This center will generate additional income for the local community while simultaneously helping clean the Uramba National Park, a critical biodiversity hotspot.
"As an advocate for Latin America's role in the global energy transition, we are thrilled by the support we've received to date for our partnership with GivePower, helping achieve our collective goal of providing communities with better access to clean energy sources," said Brendan Duval, CEO and Founder of Glenfarne Group, LLC and EnfraGen CEO.
"We are honored to support GivePower's efforts to provide clean energy to the Coqui community, enabling them to advance their coconut processing facility, which will improve overall economic activity and the livelihood of the individuals who depend upon the business," said Ed Diffendal, Managing Director at Partners Group.
"We'd like to thank EnfraGen and their partners for generously supporting our work in Colombia," said Michele Magee, President of GivePower. "This funding will help improve the wellbeing of vulnerable communities and advance Latin America's transition toward a cleaner energy future."
About EnfraGen, LLC
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.
EnfraGen is jointly controlled by Glenfarne Group, LLC, and global private markets investment manager Partners Group, on behalf of its clients, and has operational and in-construction assets across its subsidiaries totaling over 1.8 GW of installed capacity. The company, including its affiliates and subsidiaries, is supported by a team of nearly 400 professionals. EnfraGen maintains offices and assets in Chile, Panama, Colombia, and the United States.
About Glenfarne Group, LLC
Glenfarne is a privately held energy and infrastructure development and management firm based in New York City and Houston, Texas with offices in Dallas, Texas; Panama City, Panama; Santiago, Chile; Bogota, Colombia; Florianopolis, Brazil; Seoul, South Korea; and Ho Chi Minh City, Vietnam. Glenfarne's seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy infrastructure assets throughout North and South America and Asia. For more information, please visit www.GlenfarneGroup.com.
More on Nyenta.com
About Partners Group
Partners Group is a leading global private markets firm. Since 1996, the firm has invested over USD 170 billion in private equity, private real estate, private debt, and private infrastructure on behalf of its clients globally. Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with lasting, positive impact for all its stakeholders. With USD 127 billion in assets under management as of 31 December 2021, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.
About GivePower
GivePower is a 501(c)(3) nonprofit organization committed to extending the environmental and social benefits of clean, renewable energy around the globe. GivePower uses solar and battery storage technologies to deliver essential services to the developing world, including sustainable access to clean water produced by the organization's award-winning Solar Water Farms. GivePower has helped bring clean power and clean water to underserved communities in 24 countries across Africa, Asia, North America, and Latin America. Visit GivePower at www.givepower.org. Follow GivePower on Facebook, Instagram, YouTube (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.youtube.com%2Fchannel%2FUCugFP89mcTrJcqP5LTg8VnQ&esheet=52724638&newsitemid=20220519005652&lan=en-US&anchor=YouTube&index=8&md5=7daa5f2686a9396627cab8af7606c8a8) and Twitter (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FGivePowerFdn&esheet=52724638&newsitemid=20220519005652&lan=en-US&anchor=Twitter&index=9&md5=15c10c247ce2d7b780983bb3ccf0722c).
Contacts
Kris Cole
Pro-glenfarne@prosek.com
(310) 652-1411
0) { // Create container for hi-res image jQuery('#bw-release-hires').append('
'); }; }); ]]>
Contacts
Kris Cole
Pro-glenfarne@prosek.com
(310) 652-1411
(Photo: Business Wire)
NEW YORK--(BUSINESS WIRE)--EnfraGen, LLC ("EnfraGen"), a developer, owner, and operator of specialized sustainable, renewable power and grid stability assets in Latin America owned by Glenfarne Group, LLC and leading global private markets firm Partners Group, on behalf of its clients, have raised $620,000 in a matching campaign for GivePower, a non-profit that works to improve the quality of life for people who need it most through solar energy impact projects.
EnfraGen first announced the multi-year partnership and the funding of the first project with GivePower in July 2021. The first project provided a solar microgrid to power a local health post, agro-processing facility, and school for the Kogi, an indigenous group living in the Sierra Nevada de Santa Marta, Colombia. The project was completed in January 2022, enhancing the lives of nearly 700 individuals.
Since that announcement, EnfraGen engaged and received multiple donations from leading international banks and law firms. The group was led by generous contributions from Glenfarne Group, Partners Group, SMBC Global Foundation, Mitsubishi UFJ Financial Group (MUFG), and Milbank LLP. Additional contributions were made by Paul Hastings LLP, White & Case LLP, Scotiabank, BNP Paribas, and Mizuho Americas.
The funds will be used by GivePower to develop and build essential infrastructure projects across Colombia, including solar microgrids, solar water farms and other projects focused on providing access to clean energy and water to thousands of people living in some of the most at-risk communities throughout the country.
More on Nyenta.com
- Global X ETFs Expands its Lineup of Options-Based Strategies with Two Innovative Actively Managed Funds
- The LankyBox Toy Line By Bonkers Toys Will Have Fans Unboxing The Fun For The Very First Time
- RFP Stock Alert: Halper Sadeh LLP Is Investigating Whether the Sale of Resolute Forest Products Inc. Is Fair to Shareholders
- Evolve IP & Anywhere365 Group Create an Enterprise-Grade Receptionist Solution
- Arsenal Capital Partners Adds Marc Tremblay as an Operating Partner Focused on Industrial Technologies
The second project that will be funded is a solar microgrid and battery energy storage system in Coqui, an "afrodescendiente" village located in the department of Choco in Colombia's Pacific Coast. This infrastructure will provide clean energy to a local coconut processing facility, one of the community's most important small businesses and sources of employment and economic activity.
Additionally, these donations will finance a solar-powered recycling center in the Juanchaco & Ladrilleros region of Bahia Malaga, a bay also located in Colombia's Pacific Coast. This facility transforms plastic and glass waste into products for sale in the local community. This center will generate additional income for the local community while simultaneously helping clean the Uramba National Park, a critical biodiversity hotspot.
"As an advocate for Latin America's role in the global energy transition, we are thrilled by the support we've received to date for our partnership with GivePower, helping achieve our collective goal of providing communities with better access to clean energy sources," said Brendan Duval, CEO and Founder of Glenfarne Group, LLC and EnfraGen CEO.
"We are honored to support GivePower's efforts to provide clean energy to the Coqui community, enabling them to advance their coconut processing facility, which will improve overall economic activity and the livelihood of the individuals who depend upon the business," said Ed Diffendal, Managing Director at Partners Group.
"We'd like to thank EnfraGen and their partners for generously supporting our work in Colombia," said Michele Magee, President of GivePower. "This funding will help improve the wellbeing of vulnerable communities and advance Latin America's transition toward a cleaner energy future."
About EnfraGen, LLC
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.
EnfraGen is jointly controlled by Glenfarne Group, LLC, and global private markets investment manager Partners Group, on behalf of its clients, and has operational and in-construction assets across its subsidiaries totaling over 1.8 GW of installed capacity. The company, including its affiliates and subsidiaries, is supported by a team of nearly 400 professionals. EnfraGen maintains offices and assets in Chile, Panama, Colombia, and the United States.
About Glenfarne Group, LLC
Glenfarne is a privately held energy and infrastructure development and management firm based in New York City and Houston, Texas with offices in Dallas, Texas; Panama City, Panama; Santiago, Chile; Bogota, Colombia; Florianopolis, Brazil; Seoul, South Korea; and Ho Chi Minh City, Vietnam. Glenfarne's seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy infrastructure assets throughout North and South America and Asia. For more information, please visit www.GlenfarneGroup.com.
More on Nyenta.com
- Riskified and Axerve Help KIKO Milano Boost Cart Conversions Under PSD2 by Maximizing TRA (Transaction Risk Analysis)
- ING Ventures Invests in OpenFin
- A New York Dental Anesthesiologist launches top care that travels to you
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Target Corporation - TGT
- Shareholder Alert - The M&A Class Action Firm is Investigating the Merger - MANT, TPTX, BHVN, MN, HMTV, CVET
About Partners Group
Partners Group is a leading global private markets firm. Since 1996, the firm has invested over USD 170 billion in private equity, private real estate, private debt, and private infrastructure on behalf of its clients globally. Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with lasting, positive impact for all its stakeholders. With USD 127 billion in assets under management as of 31 December 2021, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.
About GivePower
GivePower is a 501(c)(3) nonprofit organization committed to extending the environmental and social benefits of clean, renewable energy around the globe. GivePower uses solar and battery storage technologies to deliver essential services to the developing world, including sustainable access to clean water produced by the organization's award-winning Solar Water Farms. GivePower has helped bring clean power and clean water to underserved communities in 24 countries across Africa, Asia, North America, and Latin America. Visit GivePower at www.givepower.org. Follow GivePower on Facebook, Instagram, YouTube (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.youtube.com%2Fchannel%2FUCugFP89mcTrJcqP5LTg8VnQ&esheet=52724638&newsitemid=20220519005652&lan=en-US&anchor=YouTube&index=8&md5=7daa5f2686a9396627cab8af7606c8a8) and Twitter (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FGivePowerFdn&esheet=52724638&newsitemid=20220519005652&lan=en-US&anchor=Twitter&index=9&md5=15c10c247ce2d7b780983bb3ccf0722c).
Contacts
Kris Cole
Pro-glenfarne@prosek.com
(310) 652-1411
0) { // Create container for hi-res image jQuery('#bw-release-hires').append('
'); }; }); ]]>
Contacts
Kris Cole
Pro-glenfarne@prosek.com
(310) 652-1411
Filed Under: Business
0 Comments
Latest on Nyenta.com
- Morgan Seamark Joins Triggers® Brand Consulting As Managing Director
- DirectShifts' On-demand Staffing Model helps Healthcare Facilities cut their labor costs up to 35%
- COSLR Lowers Monthly Cost On Leading B2B Sales Automation & Marketing Platform
- H.E. Justin Sun Attends MC12 and Furthers TRON Ecosystem Growth
- Explainable AI: Deploy AI with Trust and Confidence | Webinar by Quantzig
- Misspep NMN assists in the fight against aging and glaucoma
- MULLEN DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Mullen Automotive, Inc. and Encourages Investors to Contact the Firm
- SV Group - The Home of Seasonal Items on Sale
- ProScreenCast Launches 4K 60Hz HDR Screen Casting Adaptor
- Yonkers: *** TRAFFIC ALERT*** 4th of July Fireworks at the Waterfront
- 17 E&T ALERT: Bragar Eagel & Squire, P.C. is Investigating 17 Education & Technology Group, Inc. on Behalf of 17 E&T Stockholders and Encourages Investors to Contact the Firm
- Milloret LTD To Offer Premium International SEO Services
- Summit County Pest Control Is Going After The American Cockroach
- SCHWAB ALERT: Bragar Eagel & Squire, P.C. is Investigating The Charles Schwab Corporation on Behalf of Schwab Stockholders and Encourages Investors to Contact the Firm
- FoodNiche Summit Gathers Leading Experts To Discuss Strategies To Innovate A Healthier And Sustainable Food
- Annual and Extraordinary Shareholders' Meeting of Atento, S.A. held in Luxembourg in June 29th 2022 with 80.89% participation - Akshay Shah is elected as member to the board
- *** NEWS RELEASE *** Yonkers Police Department Arrests Bronx Man in Homicide Investigation
- New Rochelle: City takes Green Step Forward with New Sustainable Landscaping Program
- New Rochelle: City takes Green Step Forward with New Sustainable Landscaping Program
- BlackRock Capital Investment Corporation to Report Second Quarter 2022 Earnings on August 3, 2022