GreenYellow secures COP 172bn deal for Colombian solar projects

• GreenYellow secures COP-172-billion deal to refinance 85 MWp of solar projects in Colombia, benefiting utility-scale and self-consumption schemes across various departments.

French renewable energy company GreenYellow has secured a COP-172-billion deal to refinance 85 MWp of solar projects in Colombia. The transaction with Banco de Bogota SA will benefit a portfolio of five utility-scale projects and two self-consumption schemes in various departments.

The non-recourse loan will be used to refinance existing debt related to the assets, which consist of over 130,000 solar panels generating electricity for contractors and off-takers in different industries. GreenYellow has invested COP 310 billion in developing the portfolio and has over 118 MWp of installed solar PV capacity in Colombia, with more than 600 projects in the country.

What is the significance of GreenYellow's COP-172-billion deal in Colombia's solar industry?

• The COP-172-billion deal is a significant milestone for GreenYellow as it allows the company to refinance a substantial portion of its solar projects in Colombia, demonstrating its commitment to the country's renewable energy sector.
• The deal with Banco de Bogota SA highlights the growing interest of financial institutions in supporting renewable energy projects in Colombia, which is crucial for the continued development of the solar industry in the country.
• By refinancing existing debt related to the assets, GreenYellow can free up capital to invest in new projects and further expand its presence in the Colombian solar market.
• The portfolio of solar projects benefiting from the deal includes both utility-scale projects and self-consumption schemes, showcasing the diversity of GreenYellow's solar offerings in Colombia.
• With over 118 MWp of installed solar PV capacity in Colombia and more than 600 projects in the country, GreenYellow is a key player in the Colombian solar industry and is helping to drive the transition to clean energy in the region.