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Cubico, Celsia team up to bring large-scale PV boost to Colombia
Colombia’s still-dormant solar scene is poised for a major boost under a new partnership, bringing together a European and a Latin American player. Cubico Sustainable Investments and Celsia this week unveiled plans to deploy a 400MW PV pipeline nation-wide, a significant push for a country where installed capacity sat in the double-digit-megawatt region last year. In a statement, the duo said the 400MW portfolio will be developed over the next two years. According to them, it will mark the Colombian debut for London-headquartered Cubico, which has now added a Bogotá office to existing bases in Europe, Oceania, the US, Brazil, Mexico and others. Contacted by PV Tech, Cubico said the 400MW pipeline comprises ground-mounted projects at various stages, with all “certain” to be ready-to-build soon. The plan is to deploy PV plants of “all sizes”, starting with an initial pipeline of five to 10 projects, the investor added. According to the firm, both Cubico and Celsia will be “partners at all levels” and wholly finance the 400MW portfolio by themselves, with equity funding set to reach “at least” US$100 million. Construction will be taken care of by an external EPC contractor, Cubico told this publication. For Cubico – which draws funds from Canadian pension groups OTPP and PSP to invest in global renewable plays – the Colombian move follows the completion of 350MWp Soles in Mexico, one of the top solar winners years ago of the country’s now-paralysed auction programme. Colombia plays PV catch-up as it vows to lead Latin American push The new partnership is the latest utility-scale PV proposition to see the light in Colombia this year, heralding a major solar boost for a country that was home to a 84MW market in 2018 where Brazil hosted 2.29GW and Mexico boasted 2.54GW. So far in 2019, the Andean state has marked the operational launch of its largest PV plant to date – Enel’s 86.2MW El Paso – and the proposal of even bulkier successors, including Diverxia’s 240MWp Atlántico Photovoltaic and a 100.5MW project in the country’s northeast. One of the two proponents of the new 400MW pipeline, Celsia styles itself as the developer of Colombia's first large-scale plants, twin 9.9MW arrays in Cali and Cartagena. A third 9.9MW PV project is understood to be under construction, followed by a further two developments. A PV Tech Power feature explored this year Colombia’s quest to kickstart renewable growth, a push meant to diversify a hydro-reliant, drought-vulnerable energy mix. As recently reported, current president Iván Duque is keen for the country to lead a Latin American clean energy push. The country stands now only days from its first ever large-scale renewable auction. Acciona, Canadian Solar, EDF, Enel Green Power and Trina Solar have all put projects forward for the delayed tender, which will match developers with buyers for 15-year contracts. Colombia is also thought to hold significant potential on the small-scale PV end. As Celsia explained to PV Tech earlier this year, the firm is amongst those with ambitions in the segment, with plans to deploy a 100MW small-scale portfolio of rooftop arrays and others.
Oct 10, 2019 // Plants, Large-Scale, Commercial, USA, Canadian Solar, EDF, South america, Europe, Brazil, Oceania, enel green power, Trina Solar, Mexico, North America, cubico, large-scale pv, Acciona, Colombia, celsia, pension fund
Enel Green Power acquires 610MW of Soltec trackers for projects in Peru as well as Colombia
it has mounted the very first solar modules at its 187MWdc La Loma plant in Colombia. Located in the Cesar region, the plant will feature greater than 400,000
Jan 19, 2022 // Markets & Finance News, South america, trackers, enel green power, Soltec, Powertis, Peru, Colombia
Verano Energy buys 296 MWp of solar projects in Colombia
according to the reports. The projects are the 270-MWp Las Palmeras in the Colombian division of Cesar, the 13-MWp Chicala in Atlantico and also the 13-MWp Bambu
May 12, 2023 // Plants, Commercial, Markets & Finance News, Verano Energy, solar projectColombia
Colombia imposes renewables quota on power distributors
set to procure large scale solar and wind power generation capacity, the Colombian government has moved to introduce an obligation for power distributors to
Sep 16, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Carolina Obando, SER Colombia, Colombia
AES Andes launches 61-MWp solar farm in Colombia
project was implemented by the firm's subsidiary AES Colombia, which installed over 114,000 bifacial photovoltaic panels each of 530 Wp at a website in the
Oct 25, 2021 // Plants, South america, Colombia, solar farm, AES Andes SA
Atlantica cuts ribbon at 20-MW solar farm in Colombia
of near USD 20 million (EUR 17.9 m) to finish the project, according to the Colombian ministry of mining as well as power. La Sierpe solar farm will certainly
Jan 31, 2022 // Plants, South america, Colombia, solar farm, Atlantica
Spain's Grenergy opens up 37-MWp solar farm complex in Colombia
Grenergy claimed it had authorized a long-term off-take agreement with Colombian power firm Celsia. The Spanish renewables developer claims it runs 72 MW of
Feb 6, 2023 // Plants, Large-Scale, Commercial, Spain, Europe, Grenergy Renovables, PV Power Plant
Colombia's Celsia finishes 10-MW PV plant in Tolima
while the staying power will certainly be fed directly right into the Colombian grid. With this brand-new addition, Celsia gets to 54.43 MW of PV generation
Dec 10, 2020 // Plants, Large-Scale, Commercial, South america, Colombia, celsia, PV Power Plant, Named El Espinal
Solarpack granted loan for 252 MWp of solar projects in Colombia
COP 85 billion from one more international companion. Latin American bank BanColombia added COP 199 billion in the direction of the loan. Solarpack will utilize
Nov 25, 2022 // Markets & Finance News, South america, Solarpack, Colombia, solar projects
Spain's Grenergy starts up 12.5-MWp solar farm in Colombia
USD 11 million (EUR 9.9 m) in the project, relying on funding approved by Colombian commercial bank BanColombia SA (NYSE: CIB). Over 23,700 solar panels
Apr 4, 2022 // Plants, Large-Scale, Commercial, Spain, South america, Europe, Colombia, solar farm, Grenergy
Soltec lands deal for 420MW of solar PV projects in Chile as well as Colombia
for us". "Both Chile, where we have actually been benefiting many years, and Colombia, a market with a great renewable resource capacity where we just recently
Jan 27, 2022 // Plants, Large-Scale, Commercial, enel green power, Soltec, Enel Chile, construction, enel colombia, soltec trackers
Colombia enlists ports in pursuit to furnish sustainable public auction victors
firms wanting to source elements at the time of COVID-19. In a new statement, Colombia's Energy Ministry stated it really hopes the "extraordinary" procedure will
Jun 1, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, America, South america, Latin america, Colombia, upme, Coronavirus, covid-19, renewable auctions, tenders and auctions
Zelestra's La Mata Solar Farm Powers Up Colombian Grid
Zelestra has successfully connected a 108-MWp solar farm in La Gloria, Colombia to the grid, marking its second project in the country. The La Mata solar farm
Jul 8, 2024 // Plants, Large-Scale, Commercial, Grids, South america, Colombia, PV Power Plant, Zelestra
GreenYellow secures COP 172bn deal for Colombian solar projects
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
Apr 2, 2024 // Plants, Commercial, South america, Colombia, PV Power Plant, GreenYellow
Enel Delivers First Power from 132.2-MW Colombian Solar Farm
Colombia has announced that its 132.2-MW solar farm in Fundación, Colombia has begun feeding energy into the grid. This solar farm, worth around USD
Aug 25, 2023 // Plants, Enel, South america, Colombia, PV Power Plant