Isagen has reached an agreement to acquire seven small hydroelectric generation plants owned by the LAREIF group (Latin American Renewable Energy Investment Fund), in the department of Antioquia, Colombia.
The names and locations of the individual facilities were not disclosed. However, a Google search revealed that LAREIF owns eight run-of-river hydroelectric generation plants, seven of them less than 20 MW, with a total installed capacity of 152 MW and an average annual generation of 980 GWh. The plants have been incorporated into the National Interconnected System since July 2007.
They appear to be: 19.9-MW Barroso, 9.5-MW Caruquia, 19.9-MW El Molino, 9.5-MW Guanaquitas, 2.3-MW La Cascada, 19.9-MW Popal, 19.9-MW San Matias and 52-MW San Miguel.
According to BNamericas, Isagen said this decision continues to strengthen its generation matrix, making it more resilient to climate change and contributing to the country’s energy transition, at this key stage for the reactivation of the economy.
The company closes the year with investments close to 3 trillion pesos, reinforcing the matrix with 360 MW of renewable energy. This consists of close to 200 MW of hydroelectric generation in operation during 2021, as well as 70 MW of new generation under construction from two wind farms and two solar plants that will begin operating in 2022 and 100 MW of solar in 2023.
Earlier this year, Hydro Review reported that Isagen had acquired two small hydroelectric plants with a total capacity of 39.8 MW from Generadora Luzma.