Brookfield Renewable Partners LP has announced a significant investment to bolster its partnership with Isagen S.A. E.S.P. By investing up to $1 billion, Brookfield Renewable will increase its equity interest in Isagen to approximately 38%. This strategic move aims to enhance the reliability of Colombia's power grid through Isagen's large fleet of hydro assets. As part of this collaboration, Qatar Investment Authority (QIA), an existing co-investor in Isagen, will also invest approximately $500 million, raising its equity interest to approximately 15%. The partnership underscores a shared commitment to support the global transition to a low-carbon future through renewable power projects.
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