SN Power enters into three new markets, Brazil, Panama and Zambia in 2011.

In Brazil, SN Power acquires all of the shares in Enerpar, up to then a subsidiary of Norske Skog Group. The acquisition marks SN Power’s first investment in a pure energy trading company.

In Zambia, Agua Imara becomes partner with Wonda Gorge Investments, and acquires 51 percent in Lunsemfwa Hydro Power Company (LHPC) in May.
LHPC owns two power plants, Mulungushi (28.5 MW) and Lunsemfwa (18 MW). 
LHPC also holds the right to develop further hydropower plants.

In addition Agua Imara enters into a partnership with EDM in Mozambique.

In Panama, Agua Imara and Credicorp Group begin development of the Bajo Frio hydropower plant (58 MW). Agua Imara owns 50.1 percent of the project.

In India, SN Power and Tata Power win the bidding for the development rights for the
Dugar power plant (350 MW).