Vestas to trial hydrogen service vessel at Belgian offshore wind farm
Jul 04, 2022 17:22 CESTAtlantica to buy 20-MW solar park in Colombia
Solar farm. Author: Alan Levine.
December 14 (Renewables Now) - Clean energy company Atlantica Sustainable Infrastructure plc (NASDAQ:AY) has signed a deal to buy a 20-MW solar plant in Colombia as part of its first such investment in the country.
Under the terms of the deal with a unit of Canadian utility Algonquin Power & Utilities Corp (TSE:AQN), Atlantica will pay about USD 20 million (EUR 16.5m) to acquire the asset once it becomes operational in mid-2021. The two parties have also agreed to co-invest in an additional 30 MW of solar parks in the country.
The project comes with a 15-year power purchase agreement (PPA) in place. It is currently being built by Algonquin’s international joint venture, AAGES. The latter is also going to construct the additional solar parks should the partners decide to proceed with the investment.
(USD 1.0 = EUR 0.824)
More stories to explore
Fire smoke at CSP plant in Spain forces two small towns into lockdown
Jul 04, 2022 17:21 CEST
Wpd sets 927-MW Gennaker offshore wind project in motion
Jul 04, 2022 16:47 CEST
Industry groups call for Ukrainian reconstruction based on renewables
Jul 04, 2022 16:44 CEST
Nordic Solar buys 220 MWp of solar projects in Sweden
Jul 04, 2022 15:22 CEST
Lukewarm interest in Chile's 2022 power auction
Jul 04, 2022 14:59 CESTShare this story
Tags
About the author
