Bogotá — Colombian energy company Isagen has forged an alliance with US-based Atlas Renewable Energy, a Global Infrastructure Partners company, to develop clean energy projects in Colombia with a combined generation capacity of 1 GW.
This new capacity will help to meet the country’s increasing energy demand.
Isagen has an installed capacity of nearly 3 GW of 100% renewable energy. Atlas Renewable Energy will bring its experience in development and construction, with a proven track record in renewable energy in Latin America, and which is backed by Global Infrastructure Partners, which has more than $84 billion in assets under management and a renewable energy portfolio of more than 19 GW of operating and construction capacity worldwide.
Atlas currently has one of the largest solar project fleets in the Americas, with 2.3 GW of operational projects and a total of nearly 3.5 GW of contracted solar and wind projects under development, construction and operation.
GIP is an independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. It targets investments in the energy, transportation, digital infrastructure and water/waste sectors in both OECD and selected emerging market countries.
GIP’s global renewable energy portfolio includes solar, wind, hydro and battery storage assets representing 19 GW of operating and construction capacity, royalty interests in over 20 GW of operating renewable projects and over 173 GW of assets under construction or in development.
Headquartered in New York, GIP also has offices in London, Sydney, Mumbai, Singapore and Hong Kong, among other locations.