Atlas Renewable Energy Expands into Colombian Solar Market

• Atlas Renewable Energy shines bright in Colombia with the acquisition of the 201-MWp Shangri-La solar project, illuminating a clean energy future for the country.

Atlas Renewable Energy has acquired a 201-MWp solar project in Colombia, marking its entry into the country's solar market. The Shangri-La solar plant, located in Tolima, is expected to generate 403.7 GWh of clean energy annually once operational by the end of 2025. The output will be utilized by a Colombian company through a power purchase agreement.

Ruben Borja, Country Manager of Atlas Renewable Energy in Colombia, highlighted the significance of the acquisition in the company's strategic expansion in the Colombian energy market. Atlas had previously secured an award in the national government reliability charge tender with the Shangri-La project, further solidifying its presence in the region.

What is the significance of Atlas Renewable Energy's acquisition in Colombia's solar market?

• The acquisition of the 201-MWp Shangri-La solar project in Colombia marks Atlas Renewable Energy's entry into the country's solar market, showcasing the company's commitment to expanding its renewable energy portfolio in Latin America.
• Once operational by the end of 2025, the Shangri-La solar plant is expected to generate 403.7 GWh of clean energy annually, contributing significantly to Colombia's renewable energy goals and reducing carbon emissions in the region.
• The output from the Shangri-La solar project will be utilized by a Colombian company through a power purchase agreement, demonstrating the growing demand for renewable energy sources in the country's energy market.
• Ruben Borja, Country Manager of Atlas Renewable Energy in Colombia, emphasized the strategic importance of the acquisition in the company's expansion plans in the Colombian energy market, building on their success in securing an award in the national government reliability charge tender with the Shangri-La project.