Brookfield Renewable to invest up to $1bln in Isagen
As a part of the deal, Qatar Investment Authority (QIA), an existing co-investor in Isagen, will also invest about $500 million and increase its equity interest in Isagen to about 15%.
The investment will be funded through a combination of proceeds from non-recourse financings at the business and available liquidity, Brookfield said.
Isagen generates stable and contracted cash flows from its large fleet of hydro assets. In addition, it also has a pipeline of renewable power projects, to support Colombia's growing power needs. (Reporting by Sumit Saha in Bengaluru; Editing by Shailesh Kuber)
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