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InterEnergy partners with Brookfield and Stonepeak

InterEnergy partners with Brookfield and Stonepeak to accelerate the transition to net zero. Asset managers Brookefield and Stonepeak will invest up to $1 billion in InterEngery. A transaction that should propel the company into the leading renewable energy company in Latin America and the Caribbean.

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InterEnergy announced it has partnered with Brookfield Renewable Partners and Stonepeak. Their investment is expected to expand the existing business platform and accelerate the company’s decarbonization. As a result, Stonepeak and Brookefield will jointly invest up to US$1 billion in InterEnergy over the next four years. For Nick Hertlein, Director at Stonepeak, InterEnergy is a trusted partner:

“InterEnergy has long been a safe and reliable provider of energy and utilities to communities in the Caribbean and Central America. Along with our partners at Brookfield Renewable Power, we are excited to support the company as it invests in sustainable solutions and achieves its stated decarbonization goals.”

Already well established in Latin America and the Caribbean, this transaction is expected to propel the company to market leadership.

Develop 1000MW of renewable energy

The company plans to use this substantial investment to develop 1000MW of renewable energy. To do so, it plans to increase the deployment of its services in the regions where it operates. Nicolás de Narvaez, Senior Vice President of Brookfield, emphasizes his commitment to this project:

“We are very pleased to partner with InterEnergy to help them execute their development plan in the region and support the company in its energy transition.”

Indeed, the company seems to want to accelerate its decarbonization actions. In particular, it plans to implement a decarbonization plan in the Dominican Republic called “CEPM zero”. According to Rolando González – Bunster, president of InterEnergy Group, the partnership is part of the company’s energy transition efforts:

“We are confident that together, hand-in-hand with Brookfield and Stonepeak, we can make a significant contribution to the region’s decarbonization effort through the energy transition.”

Over the next twelve months, InterEnergy also plans to invest in several new solar and wind power generation assets.

 

 

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