Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTMay 27 (Renewables Now) - Colombian power company Celsia said on Thursday that it currently has 17 solar farm projects totalling some 260 MW in the works across Colombia.
C2 Energia, an investment platform set up by Celsia and London-based group Cubico Sustainable Investments, is behind the development. The total investment in the new plants went over COP 1 trillion (USD 255.6m/EUR 238.3m), the power company said.
The solar farms are located in the departments of Valle del Cauca, Tolima, Santander and Sucre. Each of them will have over 8 MW of installed capacity. According to Celsia, two solar farms in the group are in the process of being energised, while civil works are advancing at other projects.
The effort will result in the installation of close to 650,000 solar panels across all 17 projects. Some of the plants will feed power into the grid, while others are meant to supply electricity to industrial customers, Celsia added.
Celsia started its solar journey in 2017 with the commissioning of a 9.8-MW plant in Colombia. At the end of 2021, the company had 132 MW of solar capacity spread between Colombia, Panama and Honduras. Its target is to have 1,000 MW of installed solar in 2025.
(COP 1,000 = USD 0.256/EUR 0.238)
Weekly renewables M&A round-up (Jun 27-Jul 1)
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