Zelestra completes the sale of its Latin America Business Unit to Promigas for $1.1B Enterprise Value

• The sale of Zelestra’s Latin America platform includes approximately 3,500 MW of renewable energy projects in operation, under construction and in development.
• Zelestra is focused on growth in its core markets: the US, Germany, Italy and Spain.
• Zelestra’s EPC division will continue to operate in Peru and Chile.

Zelestra, a global, multi-technology, customer-focused renewable energy company, confirms the completion of the sale of its Latin America platform to Promigas, a leading multi-energy holding company based in Colombia. The transaction, valued at c. USD 1.1 billion (including project finance debt), was originally announced in December 2025.

Promigas has acquired Zelestra’s operations in Chile, Peru and Colombia. The portfolio includes approximately 3,500 MW of renewable energy projects in operation, under construction and in development.

Leo Moreno, Zelestra's CEO, said: "With the sale complete, we have taken a major step in our strategic transformation into a customer-centric, multi-technology leader focused on Europe and the US, where we see the greatest opportunity to help our clients achieve their energy goals, especially in the data center segment where we see exponential growth in the coming years and where we continue to have a leadership position. Our Latin American teams have built a remarkable legacy, and we are confident they will continue to build on it under their new owners."

With decades of execution experience in Latin America, Zelestra’s EPC division will continue to offer services in Peru and Chile, including the delivery of the Babilonia solar project, currently under construction in Arequipa (Peru).