Global private equity outfit Denham Capital has committed $250m to a partnership with Ceiba Energy to invest in projects, including renewables, in Latin America.
Denham Capital described the $250m as an initial commitment to renewable and low-carbon projects in Mexico, Colombia, Brazil, Chile, Panama and Peru.
The investor added that its strong balance sheet will enable Ceiba to develop, build and acquire multiple projects across the region.
Denham international power team managing director Saurabh Anand said: “This partnership with Ceiba Energy brings to Denham an unparalleled combination of Latin American power experience.
“Ceiba has exceptional local and cross-border relationships, strong ties with lenders, a substantial target pipeline, and a strong track record in execution.
“They share our vision for sustainable growth and value creation and will complement Denham’s strong investment track record in Latin America.
“With this new venture, we are poised to remain power sector leaders in the region.”
Ceiba Energy chief executive Emilio Vicens said: “We are delighted that Denham has chosen to partner with us to develop and finance much needed power generation in growing Latin American markets.
“Denham’s capital resources, proven expertise, and established relationships throughout the global energy sector complement the Ceiba Energy team’s extensive background in power generation development, finance, and asset management.
“Together, we will be able to effectively leverage on our combined industry expertise, network of contacts, and financial strength.”