Polaris to take over hydro project in Panama

Polaris to take over hydro project in Panama

M&A Energy Electricity Renewable Project & Infrastructure Finance Panama Central America Canada

Canadian renewable energy company Polaris Infrastructure said it has until the end of the year to buy a 10 MW hydroelectric power project in Panama from local energy investment firm Navitas. Polaris said it can buy the project for "nominal upfront consideration" and added that it expects to invest $15 million to $20 million to finish the run-of-river Chuspa project in the western province of Chiriquí, according a statement on Tuesday. Navitas will receive payment for Chuspa if the plant reaches

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