Spain's Solarpack wins 252 MWp of solar in Colombian auction

Spanish solar energy company Solarpack Corporacion Tecnologica SA (BME:SPK) officially announced that it has secured power purchase agreements (PPAs) for two solar projects totalling 252 MWp in Colombia’s renewables auction this week.

Solarpack is one of nine power producers that won 15-year PPAs in Colombia’s third renewable energy auction, which concluded with awards going to 796.3 MW of solar projects.

In a press release on Thursday, Solarpack said it was awarded the 15-year PPAs at higher prices than the average weighted price of COP 155 (USD 0.041/EUR 0.035) per kWh.

The company will build the 80-MW La Mata solar farm in the department of Cesar and the 100-MW La Union in Cordoba, according the official results released by auction manager XM, Colombia’s grid operator.

Solarpack expects the new plants to around 450 GWh per year combined and start supplying electricity in 2023.

(COP 1,000 = USD 0.265/EUR 0.227)

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