Colombia: MPC Energy Solutions signs power purchase agreement for Colombian solar PV project
26 Apr 2021
MPC Energy Solutions has signed a power purchase agreement (PPA) for
Parque Solar Los Girasoles, a solar PV project under development in Colombia. The COP-denominated agreement includes the delivery of around 23 GWh a year over a 12 year period starting in Q2 2022. The agreement was signed with Grupo Renovatio, a leading Colombian energy trading firm and electricity supplier. This is MPC Energy Solutions’ first PPA since its listing on the Oslo Stock Exchange’s Euronext Growth segment on 22 January 2021.
The agreement has been secured through Grupo Renovatio’s private renewable energy auction, the first in the region, which seeks to provide an innovative solution that complements the energy sales and purchases mechanisms already available in the Colombian energy market, such as bilateral contracts with agents, non-regulated end users and public tenders. Construction of