WASHINGTON & SANTIAGO, Chile–(BUSINESS WIRE)–June 29, 2022–

EIG, a global energy institutional investor and one of the world’s leading infrastructure investors, today launched Grupo Cerro, a new renewable energy platform in Chile. The newly formed entity includes Cerro Dominador Power Plants owned by EIG and the recently acquired ANPAC, owner of a portfolio of 11 small and medium run-of-river hydroelectric power plants in the areas of O’Higgins, El Maule, Bio Bio and La Araucania. . The 110 MW ANPAC portfolio includes operating plants and projects in various stages of construction and development in the spot and rate-stabilized markets.

Following the acquisition, Grupo Cerro now manages over 280 MW of installed capacity in Chile, including Cerro Dominador’s photovoltaic (PV) and concentrated solar (CSP) power plants. The group’s portfolio also includes several projects in advanced stages of construction and development, including the Likana Solar complex, one of the largest CSP projects in the world with a capacity of 690 MW, Pampa Union, a 600 MW photovoltaic power plant , as well as more than 40 MW of run-of-river hydroelectric plants.

R. Blair Thomas, Chairman and CEO of EIG, said, “The transaction is expected to provide portfolio synergies, create operational efficiencies and improve Grupo Cerro’s technological and geographic diversification. Following the completion and synchronization of the groundbreaking Cerro Dominador solar power plant in 2021, the first CSP project in Latin America, this transaction marks another important step in our strategy of investing in high quality assets, the best teams and energy infrastructure supporting the energy transition in Chile.

Fernando Gonzalez, CEO of Grupo Cerro, said: “This transaction reinforces our commitment to Chile’s growth. These plants, combined with our Likana Solar and Pampa Union projects currently under development, will help to geographically diversify our renewable energy portfolio so that we can further secure low-cost renewable energy generation for the Chilean market and continue to supply clean energy nationwide 24 hours a day.

About the EIG

EIG is a leading institutional investor in the global energy sector with $25.0 billion under management as of March 31, 2022. EIG specializes in private investments in energy and energy-related infrastructure in worldwide. Over its 40-year history, EIG has committed more than $40.0 billion to the energy sector through more than 380 projects or companies in 38 countries on six continents. EIG’s clients include many of the major pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the United States, Asia and Europe. EIG is headquartered in Washington, DC with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For more information, please visit EIG’s website at www.eigpartners.com.

About Grupo Cerro

Grupo Cerro is a new renewable energy company that aims to build a sustainable future by providing the Chilean system and its customers with clean and manageable energy around the clock. The company manages a portfolio of more than 280 MW of projects in operation throughout Chile and a development pipeline of 1.3 GW.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220629005646/en/

CONTACT: Media contacts:

EIG

Global FGS

Kelly Kimberly / Brandon Messina

+1 212-687-8080

[email protected]

Cerro Dominator

Maria Jose Lopez

[email protected]

Director of HR and Corporate Affairs

KEYWORD: DISTRICT OF COLUMBIA CHILE UNITED STATES SOUTH AMERICA NORTH AMERICA

INDUSTRY KEYWORD: FINANCE OTHER ENERGY BANKING UTILITIES OIL/GAS PROFESSIONAL SERVICES COAL ALTERNATIVE ENERGY NUCLEAR ENERGY

SOURCE: EIG

Copyright BusinessWire 2022.

PUB: 06/29/2022 11:00 a.m. / DISC: 06/29/2022 11:02 a.m.

http://www.businesswire.com/news/home/20220629005646/en

Copyright BusinessWire 2022.

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