Scatec begins construction on 130MW solar plant in Colombia

Norwegian renewable vigor solutions supplier Scatec has achieved fiscal closure and commenced operation connected the 130MW Barzalosa star powerfulness installation successful Colombia.

BTG Pactual Comercializadora de Energía, a subsidiary of Banco BTG Pactual successful Brazil, antecedently signed a 15-year powerfulness acquisition statement (PPA) for the project.

This PPA volition screen astir 85% of the projected output, with the remaining information marketed wrong the Colombian energy sector.

The improvement involves Scatec holding a 65% equity stake, with Norfund supplementing the remaining share.

Total superior expenditure for the task is estimated astatine $121m. Funding volition beryllium secured from a operation of non-recourse indebtedness and equity, maintaining a leverage ratio of astir 70%.

Bancolombia and Financiera de Desarrollo Nacional are providing elder loans for the project.

As the main developer, Scatec volition besides service arsenic the engineering, procurement and operation provider.

In addition, Scatec volition present operations and attraction (O&M) and plus absorption services for the facility.

The star works is connected people to execute its commercialized cognition day (COD) successful the archetypal fractional of 2027 (H1 2027).

Scatec CEO Terje Pilskog said: “Financial adjacent marks a cardinal measurement successful advancing the Barzalosa task successful Colombia.

“With a robust financing operation and a semipermanent PPA successful spot with a beardown offtaker, the task is good positioned for operation and delivery. We are pleased to enactment Colombia’s modulation towards cleanable energy.”

Last month, the institution signed a PPA with the Egyptian Electricity Transmission Company for 1.95GW of star powerfulness and 3.9 gigawatt-hours of artillery vigor retention systems successful Egypt.

Under the agreement, Scatec volition conception an integrated hybrid installation combining star powerfulness and artillery retention to supply consistent, 24/7 renewable baseload electricity.

"Scatec begins operation connected 130MW star works successful Colombia" was primitively created and published by Power Technology, a GlobalData owned brand.

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