MPC Energy Solutions NV announced it 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. (Logo quoted from MPC Energy Solutions’s website)

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 Parque Solar Los Girasoles is expected to start in Q3 2021, with energy production expected to start in Q2 2022. The project is part of the company´s 240 MWp solar portfolio, with five solar PV plants across three different regions within Colombia. This agreement between MPC Energy Solutions and Grupo Renovatio is the first one of a series of collaborations  that the companies are discussing in Colombia.

Parque Solar Los Girasoles is located in the region of Norte de Santander, in a privileged radiation zone with nearby urban centres and transportation infrastructure, which ensures excellent conditions for construction and operation stages. The solar PV project which has a  nominal capacity of 9.5 MW will avoid close to 100,000 tons of CO2 emissions during the asset lifetime, considering the country’s CO2 emission factor. 

(IRuniverse)