Ecopetrol S.A. and Total Eren have signed a binding agreement for the development, financing, construction, and operation of the 100 MW IGA solar photovoltaic (PV) project in Colombia.
Total Eren will hold a 51% stake in the solar farm, while Ecopetrol will hold the remaining 49%. The construction of the plant is anticipated to commence in Q1 of 2023, with operations commencing one year later.
IGA solar will be constructed on the Ecopetrol-owned Rubiales oil field in Puerto Gaitán, Meta. Under a 17-year PPA, Ecopetrol will use the electricity generated by the project to power the Rubiales oil field, replacing other energy sources.
Astris served as Ecopetrol's exclusive financial advisor and assisted with the project's structuring as well as the design and execution of the partner selection process.
Country updates
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January 13, 2023
Total Eren to build 100 MWp solar PV project at Rubiales oil field
Total Eren has been selected by Ecopetrol to develop, finance, build, and operate a 100 MWp solar photovoltaic (PV) project in Colombia. The solar park will be constructed on the Ecopetrol Rubiales o...
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November 17, 2022
Gamesa to supply inverters for 113 MW solar PV project in Caldas
Gamesa Electric, a subsidiary of Siemens Gamesa, has struck an agreement with Elecnor Atersa to provide its Proteus 4300 solar inverters for the 113 MW Portón del Sol solar project in Caldas, C...
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September 06, 2022
Isagen starts construction of 100 MW solar PV project in Atlántico
Isagen has started the construction of the 100 MW Sabanalarga solar photovoltaic (PV) project located in the department of Atlántico, Colombia. Negratin will be responsible for engineering, pr...
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August 29, 2022
Enel signs PPA for 486.7 MW Solar PV complex in Colombia
Bavaria AB InBev and Enel Colombia have signed a Power Purchase Agreement (PPA) for the output of the Guayepo I & II solar project located in Ponedera, Atlantico, Colombia.
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July 28, 2022
Enel starts construction of 486.7 MW solar project in Colombia
Enel Green Power has started work on the 487 MW Guayepo I and II solar PV project in northern Colombia.
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