Zelestra, a global renewable energy company with a multitechnology, customer-centric approach, has signed an agreement to sell its Latin American platform to Promigas S.A., a large multi-energy holding based in Colombia focused on natural gas and renewable energy across Latin America, aiming to advance a sustainable future for the region.
Zelestra’s business in Latin America comprises a total portfolio of more than 2.1 GW of solar PV and battery energy storage capacity, with 19 advanced-stage projects under development in Colombia, Peru and Chile, and 1.4 GW contracted with customers.
Leo Moreno, CEO of Zelestra, stated: “This agreement represents a fundamental step in completing Zelestra’s transformation into a multitechnology, customer-focused leader, with a strategic focus primarily on Europe and the United States. We are very proud of the impact Zelestra has had in Latin America over the years and are fully confident that the team will continue generating deep impact under its new ownership in the years to come.”
Juan Manuel Rojas, President of Promigas, said: “This acquisition represents a significant milestone toward achieving the goals set out in our ‘Nuestra Energía 2040’ strategy, which drives the expansion of our energy-solutions portfolio, the growth of our unregulated businesses and expansion into new geographies. It also reflects Promigas’ commitment to the energy future of the country and the region, through the development of renewable energy projects that contribute to competitiveness, sustainability and operational efficiency.”
Zelestra’s Latin American platform is a pioneer of clean energy in the region, with more than 15 years of experience in the development, construction and operation of renewable projects, supported by a team of over 130 highly skilled professionals.
The closing of the transaction is subject to the completion of the required procedures before the competition authorities in Colombia and Peru, as well as the fulfilment of customary conditions precedent for this type of transaction, which are expected to be completed in the coming months.
About Zelestra
Zelestra is a vertically integrated company specialising in the development, commercialisation, construction and operation of utility-scale renewable energy projects. It was recently ranked among the top 10 global sellers of clean energy to corporate buyers by Bloomberg New Energy Finance (BNEF). The group is backed by EQT, one of the largest investment funds in the world, with more than €266 billion in assets under management.
