QIA invests $535mn to increase its stake in Colombian power producer ISAGEN

Qatar Investment Authority (QIA) has completed an additional $535mn investment in Colombian energy company ISAGEN, increasing its equity interest to approximately 15%. This capital increase comes as Colombia’s electricity sector continues to expand, with ISAGEN holding a significant market share.

ISAGEN is currently the largest pure renewable energy platform in Colombia and the country’s third largest power generator, accounting for around 18% of total annual generation and 25% of national renewable output. The company operates a portfolio of 18 plants, primarily hydroelectric, with an installed capacity of approximately 3.1 gigawatts.

Brookfield also strengthens its position

In parallel with QIA’s investment, ISAGEN’s main shareholder, Brookfield Renewable Partners, has committed up to $1bn to raise its stake to approximately 38%. This move reflects a strategic repositioning around long-term stable assets in the electricity sector.

ISAGEN relies on a portfolio of assets that generate predictable cash flows through long-term power purchase agreements based on its hydro infrastructure. The company plays a critical role in maintaining the stability of Colombia’s power grid, particularly amid rising demand and energy diversification.

Development outlook in the Colombian market

The company also holds a pipeline of renewable energy projects under development to meet the country’s future energy needs. Its expansion strategy focuses on strengthening national electricity production capacity while enhancing grid resilience.

ISAGEN has more than 3,140 megawatts of net effective capacity and is advancing a diversified project portfolio. Its strategy is built on leveraging existing assets and integrating new developments to support Colombia’s economic growth.