The Colombian Ministry of Energy has awarded Canadian Solar a 52 MWp solar photovoltaic project that will be developed in the town of Caracoli.
The Caracoli project will be built in the Atlántico Region in northern Colombia. The 52 MWp solar farm will start delivering clean energy from 2023 through an inflation-indexed, Colombian Peso-denominated, 15-year power purchase agreement. The solar PV project has already completed the consultation process with indigenous communities (Consulta Previa) and is expected to start construction by the second quarter of 2022.
The project represents Canadian Solar's second landmark achievement in Colombia, after the recent awarding of the country's first utility-scale, stand-alone 45 MWh battery storage project located in Barranquilla.
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