Enel Green Power begins construction of 187 MW solar project in Colombia
Enel Green Power Colombia has installed the first solar panel of La Loma, the largest solar park under construction in Colombia. The project, located in the department of Cesar, will have an installed power of 187 megawatts (MWdc), which will be produced by more than 400 thousand panels that will be mounted on the 437-hectare site.
The installed bifacial solar panel has a dimension of 220 cm high, 103 cm long, and 3.5 cm wide, in addition to an individual capacity of 460 watts (W). The bifacial panel means that it absorbs energy on both sides, and it is mounted on an automatic system of metallic structures called a tracker, which turns and rotates with the movement of the sun to capture its rays throughout the day and thus optimize the power generation process.
The project is estimated to generate more than 420 GWh/year and is expected to be operational in the second half of 2022.
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October 02, 2019
Construction progress of 2.4 GW hydro project in Colombia
Empresas Públicas de Medellín (EPM), the project company for 2,4 GW Ituango hydropower project in Antioquia, Colombia, has announced that the project is still viable and published the project progress information.
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August 08, 2019
Project cost increase of Colombia´s largest hydroelectric plant
2,4 GW Ituango hydropower project might face cost overruns of more than USD 1 billion, according to a leading academic. The original budget for the project was COP 1 trillion (USD 3.5 billion), but the costs have drastically increased due to numerous construction complications.
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September 10, 2018
EPM to sell US$1 billion assets to fund 2.4 GW hydropower project
Empresas Publicas de Medellin E.S.P (EPM) has announced an asset divestment programme expected to raise between COP3.5 trillion and COP4 trillion (US$1.13 billion and US$1.29 billion) to fund the completion of the 2.4 GW Ituango hydropower project.
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April 02, 2018
MPC Capital announces partnership with Martifer Renewables
MPC Capital, an international real assets investment manager headquartered in Hamburg, has announced a joint venture with Martifer Renewables, a developer of wind and solar energy projects. The venture will focus on developing and supporting distributed generation and utility-scale solar photovoltaic and wind renewable energy projects throughout Colombia.
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February 19, 2018
KfW IPEX-Bank to finance 2.4 GW hydroelectric project in Colombia
KfW IPEX-Bank has announced that it is participating in financing the 2.4 GW Ituango hydropower plant in the department of Antioquia in Colombia. KfW IPEX-Bank is loaning the project owner Empresas Públicas de Medellin E.S.P US$100 million, structured as a project-related corporate loan.
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