Energy transition leader operates low carbon intensity LNG, grid stability and
renewables assets addressing the ‘here and now’ global energy transition
NEW YORK – October 3, 2022: Glenfarne Group, LLC
(“Glenfarne” or the “Company”), a developer, owner, operator and industrial manager of
energy and infrastructure assets across the investment-grade Americas, Asia, and Europe, today publicly announces
Glenfarne Energy Transition, LLC (“GET”), a wholly owned subsidiary of Glenfarne focused on high-growth
emerging markets and addressing the “here and now” global energy transition. GET will operate through
three core businesses: Global LNG Solutions, Renewables, and Grid Stability.
GET believes that the world needs to adopt renewables at an accelerating rate to fight
climate change and achieve energy security, but economies globally lack sufficient grid stability to maximize the
power of renewables. Responsibly sourced and environmentally sensible U.S. liquefied natural gas (“LNG”)
is one of the most financially and logistically flexible fuels to help fill this need while countries bring modern
power grids and other renewable infrastructure online.
“We are proud to introduce Glenfarne Energy Transition during such a critical moment
in the global decarbonization movement and the various efforts to achieve energy security. Glenfarne Energy
Transition will further our commitment to empowering local communities globally and addressing the here and now
energy transition through a carefully constructed, diversified asset portfolio,” said Brendan Duval, CEO and
Founder of Glenfarne Group and Glenfarne Energy Transition. “Grid stability is an enabler of deep penetration
of renewables, and we’ll continue to invest in and develop infrastructure assets that provide sustainable and
environmentally and economically sensible solutions to high-growth emerging markets globally.”
GET’s existing assets include 12 grid stability power plants, 27 renewable assets and
two LNG export projects – Texas LNG & Magnolia LNG – approved for 12.8 million tonnes per annum
(“MTPA”) of export capacity, 5000 miles of gas pipelines, and 13 gas processing plants. With an
experienced management team leading nearly 600 team members, a meaningful track record of success with proven
project development capabilities, and a global LNG commercial footprint, Glenfarne Energy Transition is quickly
expanding into several high-growth emerging markets in Asia and Latin America.
"Glenfarne Energy Transition is already a leader in accelerating the global energy
transition. We look forward to making final investment decisions for Texas LNG later this year and Magnolia LNG in
2023, and together with our LNG import terminal developments and projected renewables and grid stability expansion,
our business model is even more attractive and offers multiple growth vectors,” Duval added.
More information about Glenfarne Energy Transition can be found at www.GlenfarneEnergyTransition.com.
About Glenfarne Energy Transition
Glenfarne Energy Transition is a wholly owned subsidiary of Glenfarne Group, a privately
held energy and infrastructure development and management firm based in New York City and Houston, Texas, with
offices in Dallas, Texas; Panama City, Panama; Santiago, Chile; Bogota, Colombia; Rio De Jainero, Brazil; Jakarta,
Indonesia; Barcelona, Spain; Seoul, South Korea; 2 and Ho Chi Minh City, Vietnam. Glenfarne Energy Transition aims
to address the “here and now” global energy transition through three core businesses: Global LNG
Solutions, Renewables, and Grid Stability. The company’s seasoned executives, asset managers, and operators
develop, acquire, manage, and operate energy infrastructure assets throughout North and South America and Asia. For
more information, please visit www.GlenfarneEnergyTransition.com.
Contact
Kris Cole
Pro-glenfarne@prosek.com
(310) 652-1411