Brookfield invests up to $1 billion to increase its stake in Isagen

Brookfield Renewable announces an investment of up to $1 billion to increase its stake in the Colombian energy company Isagen to 38%. Qatar Investment Authority (QIA) is also co-investing to raise its stake to 15%.

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Brookfield Renewable has confirmed an investment of up to $1 billion to strengthen its position in the Colombian company Isagen S.A. The transaction will increase Brookfield’s stake in Isagen to approximately 38%, according to the company’s statement.

Co-investment by Qatar Investment Authority
This investment will take place within the framework of a partnership with Qatar Investment Authority (QIA), which will invest around $500 million, bringing its stake in Isagen to approximately 15%. The agreement aims to support Isagen’s development, which generates stable cash flows from its hydroelectric assets.

Financing and strategic objectives
The financing strategy for this investment relies on a combination of non-recourse financing and Brookfield’s available liquidity. These funds are intended to support Isagen’s growth in the renewable energy sector, particularly due to its portfolio of high-value projects in the hydropower field.

A key player in Colombian hydropower
Isagen is one of the leading players in electricity production in Colombia, with a network of operational hydroelectric assets. The company also holds a reserve of renewable energy projects to meet Colombia’s growing electricity needs. The investment aims to support the country’s energy transition and address the long-term demand for sustainable energy.

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