Enel to build 37 MWp of solar for Colombian businesses

Solar panels. Author: stantontcady.

August 17 (Renewables Now) - The Colombian unit of Italian energy major Enel SpA (BIT:ENEL) will build and and operate 37.3 MWp of solar capacity at the headquarters of eight Colombian companies.

A group of large energy consumers, coordinated by Colombian electricity expert Cosenit SA and including retailer Grupo Exito, also know as Almacenes Exito SA (BVC:EXITO), selected Enel-Codensa for the job following a bidding process launched in 2019.

Subscribe for Renewables Now's Corporate PPA Newsletter here for free!

With an investment of around EUR 27 million (USD 31.7m), the company will put in place 82,700 solar panels across 13 photovoltaic (PV) systems. Completion is expected in 2021 and 2022, with an initial operation contract term of 12 years, Enel-Codensa said in the press release.

Colombia is targeting a reduction of 11.2 million tonnes of carbon dioxide (CO2) by 2030 and planning to achieve carbon neutrality before 2050.

(EUR 1.0 = USD 1.177)

More stories to explore
Share this story
About the author
Browse all articles from Lucas Morais

Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription