Alcogal represented Celsia Centroamérica, a subsidiary of Grupo Celsia, in leading the sale of its energy assets to Fontus Spain, a subsidiary of EnfraGen, for USD 194 million.
The agreement included the transfer of the Dos Mares hydroelectric complex (118 MW), the Divisa (9.8 MW) and Celsolar (9.7 MW) solar plants in Panama, and the Guanacaste wind farm (50 MW) in Costa Rica. This process strengthens Fontus Spain’s presence in the region as Celsia consolidates its portfolio in strategic markets.
The transaction, which closed in November 2023, was led by partner Alejandro Ferrer, with the support of associates Anel Roach and Doris Nieto. Grupo Celsia, known for its focus on sustainability and renewable energy, seeks to concentrate on strategic, highly profitable projects in the region. Meanwhile, Fontus Spain strengthens its operational capacity to lead in regional energy infrastructure, diversifying its portfolio with renewable generation assets.
