Enel Green Power Panama (EGPP) and City of Knowledge, an innovation community that drives social change through humanism, science and businesses have signed a power purchase agreement (PPA) for the annual supply of 4000 MWh of renewable electricity for 10 years. Along with this commercial alliance, both organizations have signed a 3 years collaboration agreement aiming to develop joint initiatives that promote generation and consumption of clean energy, decarbonization, and energy efficiency, among others.
The energy, initially coming from the Fortuna hydro plant and later from one of EGPP's new photovoltaic projects, will supply renewable energy to the main building of the City of Knowledge, avoiding the emission of 2,211.76 tons of CO2 per year. In an area of 120 hectares, the City of Knowledge comprises around 200 buildings that are used as study centers, offices, co-working areas, laboratories, and workshops. It also has auditoriums for events, temporary accommodation, residential areas, commercial establishments, green spaces, and cultural, recreational and sports facilities.
The agreement was signed for 3 years, with the possibility of extending, and will start with a training program for small producers in the Gualaca area, where the Fortuna Hydroelectric Power Plant is located, which includes financial education, entrepreneurship and circular economy, among others.
