January 10, 2023 – Verano Energy, a leading renewable energy developer in Latin America, announces that it has commenced construction of eight solar PV projects in Chile with a total capacity of 76 MWdc (59 MWac). Verano was selected by EnfraGen subsidiary, Fontus Renewables to carry out the EPC and O&M contracts, which is the largest third-party EPC contract for Verano.
Fontus develops, owns, and operates renewable power generation in Chile and Latin America. Its solar PV assets have driven the expansion of its existing renewable energy portfolioand supports Chile’s energy transition to become a regional leader in renewable energy.
By selecting Verano to provide EPC services, Fontus expresses its confidence in the company to construct the solar projects on time, on budget, and to the highest quality standards.
The projects will inject under the country’s PMG/PMGD programs which provide automatic access to the grid and a stabilized pricing scheme.
Brendan Wolters, Head of Solar for Fontus Renewables said, “We are looking forward to our relationship with Verano to successfully complete the construction of these eight projects. We selected them as EPC Contractor due to their strong experience of building PMG/PMGD projects in Chile.”
Dylan Rudney, CEO of Verano Energy announced, “We have developed considerable in-house experience by building and operating our own projects, and have decided to take advantage of our world class internal team to offer third-party EPC contracts. We’re extremely excited about extending our services to build these projects for Fontus. The market evidently has a need for experienced EPC services providers to support the growth in renewable energy projects. Verano Energy has acquired significant expertise across all aspects of solar project development and is ideally positioned to fill in that gap.”
NOTE TO EDITORS
About Verano Energy
Verano Energy was founded in 2012 to address the need of early-stage investment and development of renewable energy projects in Latin America. Since then, it has grown exponentially, expanding and gaining experience to become a leading player in the Latin American renewable energy industry with an international portfolio in excess of 10 GW of clean energy projects.
Verano’s international team, advisory board, and affiliated companies, is comprised of more than 60 professionals with deep experience in all aspects of renewable energy projects including design, financing, construction and asset management. Verano’s current focus is the Latin American market. For more information please visit: verano.energy
About EnfraGen, LLC
EnfraGen is a developer, owner, and operator of grid stability and value-added renewable energy infrastructure businesses across Latin America. 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 Energy Transition, 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 nearly 1.9 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.