Spain's Solarpack wins 252 MWp of solar in Colombian auction

• Spanish solar power business Solarpack Corporacion Tecnologica SA (BME: SPK) officially announced that it has safeguarded power acquisition arrangements (PPAs) for two solar projects totalling 252 MWp in Colombia's renewables auction today.

Solarpack is one of 9 power producers that won 15-year PPAs in Colombia's third renewable resource auction, which concluded with the awards mosting likely to 796.3 MW of solar projects.

In a press release on Thursday, Solarpack claimed it was granted the 15-year PPAs at higher rates than the ordinary weight rate of COP 155 (USD 0.041/ EUR 0.035) per kWh.

The business will certainly develop the 80-MW La Mata solar farm in the department of Cesar and also the 100-MW La Union in Cordoba, according the official outcomes released by auction manager XM, Colombia's grid operator.

Solarpack anticipates the new plants to around 450 GWh each year incorporated and also begin providing power in 2023.