Spreading its wings across a diverse range of infrastructure investments, Glenfarne Group has carved out a unique niche in the energy industry that stretches from exotic locales in Panama, Colombia and Chile, to the Mid-Continent, New Mexico and Texas. Now, this privately held, New York City-based owner and operator of power plants and hydropower, and wind and solar assets abroad, is expanding into U.S. natural gas gathering, processing and Gulf Coast LNG exports.

Glenfarne Group

Glenfarne Group is a New York-based industrial owner and operator dedicated to the development, construction and operation of energy and infrastructure assets across the investment-grade Americas.

www.glenfarnegroup.com

 

Spreading its wings across a diverse range of infrastructure investments, Glenfarne Group has carved out a unique niche in the energy industry that stretches from exotic locales in Panama, Colombia and Chile, to the Mid-Continent, New Mexico and Texas. Now, this privately held, New York City-based owner and operator of power plants and hydropower, and wind and solar assets abroad, is expanding into U.S. natural gas gathering, processing and Gulf Coast LNG exports.

Glenfarne today announced its Alder Midstream subsidiary has closed on the purchase of IACX Energy, which brings the company three gathering and processing systems across the Mid-Continent and New Mexico. The acquisition includes six processing plants and 4,000 miles of natural gas and NGL gathering lines. Alder also is the majority owner of Texas LNG, which in November received FERC approval to build a $3.5 billion export facility in Brownsville with an initial capacity of 4 MTPA. Texas LNG is strategically located at one of the closest ports to the Panama Canal.

Launched in 2011, Glenfarne is the brainchild of Brendan Duval, a soft-spoken Australian who holds degrees is robotics engineering, accounting and economics. After stints as CEO of several direct-investment infrastructure businesses, Duval looked to acquire, manage and operate energy and infrastructure assets of his own in North and South America. Eight years later, Glenfarne Group has built a portfolio of companies that own and operate one of the largest gas-fired power plants in Colombia, five backup power stations in Chile, and three hydroelectric power plants in Panama.

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