Brookfield shops for renewable projects in Colombia

14 April 2020 - 12:00 am UTC

Listed Canadian asset management firm Brookfield Renewable Partners is shopping for Colombian solar and wind projects to diversify its local hydro-heavy portfolio, according to two sources briefed.

Brookfield Renewable Energy, through its Colombian subsidiary Isagen, has expressed interest in buying solar projects from Chinese company Trina Solar’s portfolio, said the first source with knowledge of the matter.

“Brookfield made an approach (to Trina) earlier this year but later withdrew,” said the same source. “I would think they’ll return, but until the market shows more certainty, no one is going to be making many approaches for deals.”

The solar panel manufacturer’s Colombian development portfolio includes a 76 MW project in Puerto Gaitán, in the Meta department, and another 350 MW of capacity in Valle del Cauca, Córdoba and Tolima departments. Italian Enel Green Power, Colombian Celsia, US-based AES and Portugal’s EDP Renovaveis are also developing wind and solar projects in Colombia.

Read more