Brookfield Renewable (BEP) is set to invest up to $1 billion to boost its equity stake to around 38% in Isagen S.A. E.S.P., a company known for generating stable, contracted cash flows from its extensive hydro asset fleet.
This move solidifies Brookfield Renewable Partners’ commitment to Colombia, increasing its ownership interest in Isagen to approximately 38%.
The transaction is expected to be immediately accretive to FFO per unit and is projected to raise 2026 FFO per unit by about 2%, with closing anticipated in the third quarter.