Acquisition of 2156 MW Wind Project in Panama
Formed in 2011 by private equity fund InterEnergy Partners LP, InterEnergy Holdings (“InterEnergy”), whose roots are in the power generation business and continue today, owns and operates power distribution assets as well as fuel distribution and logistics businesses in Latin America and the Caribbean. Today, InterEnergy owns and operates businesses in the Dominican Republic, Panama, Jamaica, and Chile.
InterEnergy’s generation portfolio aggregates approximately 1,000 MW of installed capacity across the region. We are also the exclusive supplier of electricity to the fast growing tourism resort area of Punta Cana-Bavaro, covering over 42,000 hotel rooms and over 26,000 low-tension clients.
A pioneer in renewable energy, InterEnergy developed the Quilvio Cabrera and Los Cocos projects, the first wind farms in the Dominican Republic, which started operations in 2011 with over 86 MW in installed capacity. In April 2014, InterEnergy acquired UEPII, a wind development project located in Penonome (Panama), and immediately began the construction of a 215 MW wind farm. The largest of its kind in Central America, UEPII now eliminates over 400,000 tons of CO2 emissions and saves 900,000 barrels of oil per year. This investment was part of a commitment made by InterEnergy at the Clinton Global Initiative meeting, held in Rio de Janeiro in December 2013, to expand our renewable energy efforts. In addition to our presence in the Dominican Republic and Panama, InterEnergy expanded its renewable portfolio to Chile, through its subsidiaries, Raki & Huajache.
Our goal is to become a sector leader in our investment region by continuing to acquire and invest in businesses that bring efficient, clean and cost-effective energy to our markets.