MPC Energy Solutions (MPCES) and Akuo Energy have started the construction of Parque Solar Planeta Rica, a 26.55 MWp solar photovoltaic (PV) project in Colombia.
The total investment on the Planeta Rica project is approximately US$24 million. MPCES and Akuo Energy are the equity sponsors, whereby the debt financing is provided by Bancolombia. Financial close was achieved in early August 2021.
Energy production from the 26.55 MWp plant is expected to start in early Q3 2022. The project will avoid the emission of over 4,000 tons of CO2 each year while delivering enough electricity to satisfy the energy needs of over 10,000 households in Colombia. It will sell all generated electricity under a 15-year Power Purchase Agreement (PPA) to a leading regional utility.
Country updates
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August 20, 2021
Enel to build 37 MWp of solar for Colombian companies
The Colombian unit of Enel SpA will develop and operate 37.3 MWp of solar power for eight Colombian business' head offices. Enel-Codensa has been selected for the job following a bidding proced...
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July 14, 2021
Canadian Solar to build the 45 MW / 45 MWh battery storage project in Barranquilla
Canadian Solar Inc. (Canadian Solar) has been awarded the first utility-scale 45 MW/45 MWh battery storage project located in the city of Barranquilla, Atlántico Department, Colombia....
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July 05, 2021
Turbine starts to arrive in La Guajira for 20 MW wind project
The construction of the first large-scale wind farm in Colombia is set to start with the arrival of turbines in the municipality of Uribia in the La Guajira department. The 20 MW Guajira I...
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June 08, 2021
Isagen to build 12 MW wind project in La Guajira
Isagen SA is developing a 12 MW wind farm project in the La Guajira department of Colombia. The WESP 01 wind project will be built in the municipality of Uribia by Spanish group Elecn...
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June 04, 2021
Grupo Renovatio signs PPA with ABO Wind for the 20 MW solar PV project in Medellin
ABO Wind and Grupo Renovatio have signed a Power Purchase Agreement (PPA) for a 19.9 MW solar project in Colombia over a period of 15 years. ABO Wind is currently developing the photovoltaic project...
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