Glenfarne completed the acquisition of Termonorte.

Glenfarne, a private equity firm, completed the acquisition of Termonorte, a power plant located near Santa Marta. Financial terms were not disclosed. “Termonorte plays a critical role for the energy transition in Colombia by offering a reliable, flexible generation resource in a region with limited firm capacity. Termonorte’s attributes are an ideal complement to the intermittent renewable generation resources being deployed throughout the Caribbean region. We look forward to working with the authorities, regulators, and the local communities to serve as a cornerstone of the Colombian power system for years to come,” Bryan Murphy, Glenfarne Managing Director.