Colombia's Celsia wins 99 MW of solar in renewables auction at home

Image by Celsia (celsia.com)

October 28 (Renewables Now) - Colombian power company Celsia SA managed to place 225 GWh of electricity per year under off-take contracts in Colombia’s renewable energy auction that took place on Tuesday.

In a press release on Wednesday, Celsia said the contracted electricity will be generated by a single solar farm - the 99-MW Celsia Solar Escobal 6. The company will build the plant in the department of Tolima.

Celsia had dual roles in the auction, submitting bids as a power producer and as off-taker. As off-taker, Celsia aimed to secure renewable power for close to 1.2 million regulated customers it has in Tolima and Valle del Cauca.

Information on the amount of power Celsia will off-take is not yet known, the company said.

The Celsia Solar Escobal 6 project is part of the company’s goal to install 650 MW of solar PV capacity under the alliance with London-based renewables investor Cubico Sustainable Investments. Beyond solar, the company is working on several wind projects to be able to generate 330 MW using wind resource, Celsia CEO Ricardo Sierra Fernandez said in the statement.

Colombia’s third renewable energy auction wrapped up this week with the award of 796.3 MW going exclusively to solar power projects. The auction saw nine companies representing 11 projects dividing the pot.

Celsia, Empresas Publicas de Medellin ESP (EPM) and Urra SA ESP were the only Colombian companies among the nine winners to secure the award as power producers.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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