Matrix to build solar parks in Chile, Colombia under new partnership

Madrid-based Matrix Renewables, backed by TPG Rise, will build two solar power plants in Chile and Colombia as part of a new partnership with greenhouse gas (GHG) emissions management specialist ALLCOT Group.

The solar photovoltaic (PV) parks will be built under the Waste Activities Program for Latin America registered by ALLCOT in August 2020.

Matrix did not mention the size of the planned facilities but said they will be capable of generating Certified Emission Reductions (CERs) equivalent to 486,000 tonnes of carbon dioxide (CO2) equivalent emissions per year – 86,000 tonnes in Colombia and 400,000 tonnes in Chile. ALLCOT will be responsible for the assessment, registration, monitoring, and issuance of the generated carbon credits.

At present, Matrix Renewables’ portfolio consists of 2.1 GW of operational, under-construction, or near shovel-ready solar photovoltaic (PV) projects and a further 2.7 GW of renewable energy schemes under development across Europe, the US and Latin America.

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