Zelestra sells its Latin America platform, including 1.4 GW of solar and battery energy storage, to Promigas S.A.
Type: Sale · Technology: Hybrid · Country: Colombia · Capacity: 1400 MW · Value: $1B · Announced: 2025-12-05
Zelestra divested its 1.4 GW solar and battery energy storage platform across Latin America to Promigas S.A. This acquisition significantly expands Promigas's renewable energy footprint, diversifying its traditional natural gas infrastructure portfolio.
Analysis
Promigas S.A.'s acquisition of Zelestra’s 1.4 GW solar and battery energy storage platform represents a decisive strategic pivot for the Colombian and Peruvian natural gas infrastructure giant. This transaction immediately injects significant renewable generation capacity into Promigas's portfolio, moving beyond its established 7,000 km natural gas pipeline network. The hybrid nature of the 1.4 GW platform, combining solar generation with battery energy storage, offers enhanced grid stability and dispatchability, a critical advantage for integrating intermittent renewables. While the deal value remains undisclosed, the scale of the 1400 MW platform suggests a substantial investment by Promigas into Latin America's clean energy transition. This divestment allows Zelestra, a clean energy solutions provider, to monetize a large-scale developed asset base across Latin America. Promigas S.A., a leading developer and operator of natural gas infrastructure serving 5.2 million users in Colombia and Peru, significantly broadens its operational scope with this 1.4 GW renewable energy platform. This acquisition directly diversifies Promigas's traditional natural gas assets, establishing a substantial footprint in clean power generation across Latin America. For Zelestra, a clean energy solutions provider focused on solar, battery energy storage, wind, and hydrogen projects, the sale of this 1400 MW platform provides capital for further investment in its co-creation model and decarbonization initiatives. The deal, announced on 2025-12-05, exemplifies the continued strategic shift by traditional energy companies in Latin America towards integrating large-scale renewable assets into their portfolios.
Key points
- Promigas S.A., a natural gas pipeline operator, acquired a 1.4 GW solar and battery storage platform.
- Zelestra divested a 1400 MW hybrid platform across Latin America.
- Promigas operates over 7,000 km of natural gas pipelines in Colombia and Peru.
- The buyer serves 5.2 million users across Colombia and Peru.
- The deal was announced on 2025-12-05, with value undisclosed.
Counterparties
- Promigas S.A. (Buyer)
- Zelestra (Seller)