A €140 million financing package structured by BNP Paribas CIB – Export Finance and backed by SACE supports Isagen, a Colombian renewable energy leader focused on hydropower, solar, and wind generation.
SACE and Isagen partner to boost renewable energy with Italian companies in Colombia
Hydropower, solar, and wind energy projects are gaining new momentum in Colombia and across Latin America, thanks to the expertise of Italian companies and the financial backing of SACE and BNP Paribas. A €140 million financing deal will support Isagen, the country’s third-largest energy producer, in accelerating Colombia’s energy transition while opening key opportunities for Italian firms in the renewable energy sector.
The initiative aims to strengthen commercial ties between Isagen and Italian exporters operating in the renewable electricity supply chain.
BNP Paribas CIB, the lead financier of the operation, is a global leader in Export Finance backed by Export Credit Agencies (ECAs), with a strong focus on ESG-compliant loans insured by SACE.
Founded in 1995, Isagen S.A. E.S.P. is a key energy player in Colombia. It manages 15 hydroelectric plants, 10 solar plants, and 2 wind farms, totaling over 3,000 MW of effective net capacity.
The company plays a central role in advancing Colombia’s renewable energy portfolio and supporting the country’s COP29 decarbonization goals. Its growth strategy is expected to drive large-scale hydropower and solar projects, creating a high-potential context for Italian companies. Key areas of opportunity include infrastructure, hydromechanical equipment, and solar components such as panels, inverters, trackers, and cabling.
In this landscape, SACE acts as a strategic catalyst, enabling stronger partnerships between Isagen and Italian exporters, especially small and medium-sized enterprises (SMEs). The initiative supports investments in new solar and wind plants, energy transmission systems (cables, substations, engineering services), and upgrades to existing hydropower plants.
SACE provides Italian companies with a gateway to international markets by offering financing guarantees to foreign buyers who commit to increasing their procurement of Italian goods and services. Business Matching events, a key element of SACE’s strategy in collaboration with national partners, facilitate targeted connections between Italian and international companies to foster export-driven growth.
Institutional statements
Jenaro Laris Vázquez, International Relationship Manager for Latin America at SACE, stated:
“This transaction reaffirms SACE’s commitment to promoting Italian exports and industrial partnerships in high-potential markets like Latin America, particularly Colombia. By supporting long-term collaborations in critical sectors for the global energy transition, and through business matching events, we enable Isagen to engage with Italian exporters for potential contracts in energy transmission and actively consider Italian companies in their procurement processes. This lays the groundwork for future collaborations aligned with their investment strategy.”
Arturo Mejía, CFO of Isagen, commented:
“We are proud to have reached this significant financial milestone, which reflects our partners’ strong confidence in Isagen’s long-term stability and vision.
This deal marks a strategic step toward diversifying our funding sources, enhancing our financial resilience, and increasing flexibility in a changing economic environment. Ultimately, it strengthens our commitment to sustainable growth and long-term value creation.
Our financial collaboration with SACE, initiated last year, also helps expand our supplier base by building partnerships with Italian companies capable of accelerating our mission to deliver clean, sustainable energy. These efforts generate tangible benefits for local communities and make a meaningful contribution to the global climate agenda.”
Jorge Valderrama, Head of Territory at BNP Paribas Colombia, added:
“We are proud to support Isagen through this deal in partnership with SACE, a major milestone not only for Isagen but for Colombia’s entire energy sector. At BNP Paribas, we are deeply committed to providing strategic financial solutions that empower our clients to lead change across key sectors for Colombia’s economic development.”
