Isagen acquires generation plants

Company News    Nov 17, 2021 3:28 PM

Isagen announced the acquisition of hydroelectric generation plants in Antioquia.

The company reached an agreement to acquire the hydroelectric generation assets belonging to the Lareif Group (Latin American Renewable Energy Investment Fund), Portafolio reported.

Isagen will seek to further strengthen its generation matrix, making it more resilient to climate change and contributing to the country’s energy transition and the reactivation of the economy.

The company is currently advancing in the construction of the Guajira 1 and WESP 01 wind farms in Uribia, which will add 32MW in La Guajira, and has solar initiatives such as the Llanos 4 and 5 projects of 38MW, in Puerto Gaitán (Meta), and the Sabanalarga project (Atlántico) of 100MW, currently in the development stage.

Isagen closes the year with investments close to CoP$3T, between these different initiatives and reinforcing the matrix with 360MW of renewable energy: close to 200MW hydroelectric and in operation during 2021, 70MW under construction (2 wind farms and two solar) that will come into operation in 2022 and 100MW solar under development to operate in 2023.

“These opportunities allow us to fulfill Isagen’s corporate goal of creating value with clean energy: generating economic value with renewable sources, with social and environmental profitability, through a clean and reliable matrix, and involving economic, environmental, social and governance criteria,” Isagen said.

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