EIG, an institutional investor to the global energy sector and a major infrastructure investor, has launched a new renewable-energy platform in Chile, Grupo Cerro.
The newly formed entity includes EIG-owned Cerro Dominador plants and the recently acquired ANPAC, the owner of a portfolio of 11 small and medium run-of-river hydroelectric power plants in the O’Higgins, El Maule, Bio Bio and La Araucania regions. The 110-megawatt ANPAC portfolio includes operating plants and projects at various stages of construction and development in both the spot and stabilized-tariff markets. Following the acquisition, Grupo Cerro now manages more than 280 megawatts of installed capacity in Chile.
“This transaction advances our commitment to Chile’s growth,” said Fernando Gonzalez, CEO of Grupo Cerro. “These plants, combined with our Likana Solar and Pampa Union projects now under development, will help diversify our renewable energy portfolio geographically to be able to fur