Colombia's Altia Energy Completes Acquisition of 219 MW Renewable Energy Assets

en.Wedoany.com Reported - On October 7, Colombian energy company Altia Energy completed the acquisition of ISAGEN's renewable energy asset portfolio, adding five photovoltaic power plants and four hydropower stations to its holdings, with a total installed capacity of approximately 219 MW. The transaction was financed through a syndicated loan of 1.292 trillion pesos (approximately US$402 million) provided by six Colombian banks, with the acquired assets spanning the departments of Atlántico, Tolima, and Antioquia in Colombia.

The photovoltaic assets consist of the Bolívar Solar Park located in Sabanalarga, Atlántico, comprising five plants—BSB500, BSB501, BSB502, BSB503, and BSB504—with a combined installed capacity of 100 MW. Spain's Negratín Group was responsible for the engineering design, equipment procurement, and construction of the park; the project was completed in July 2024 after 16 months of construction.

The remaining 119 MW comes from four run-of-river hydropower stations: the Amoyá hydropower station located in Chaparral, Tolima; the Barroso hydropower station located in Salgar, Antioquia; the Caruquia hydropower station located in Santa Rosa de Osos; and the Guanaquitas hydropower station located between Santa Rosa de Osos and Gómez Plata.

The acquisition adopted a project finance structure, with the six participating lending banks being Banco de Bogotá, Banco Itaú, Davivienda, Banco de Occidente, Banco Popular, and Bancolombia. Among them, Bancolombia provided 46.6% of the total syndicated loan. The loan agreement was signed on September 15, with the funds used to support Altia Energy's acquisition of the aforementioned power assets.

This transaction enables Altia Energy to add photovoltaic and hydropower assets to its existing natural gas-fired thermal power generation business, adding approximately 219 MW of renewable energy installed capacity. The company's original business was primarily focused on natural gas power generation; following this acquisition, its generation assets cover thermal power, hydropower, and photovoltaic power generation.