US-based Atlas Renewable Energy has signed a long-term financial agreement with IDB Invest and Bancolombia for a senior secured loan totaling COP 473.77 billion (~$113 million). This loan will fund the development, construction, and operation of the 201 MW Shangri-La PV power plant in Colombia’s Tolima department. The project will contribute 160 MW(AC) of clean energy to Colombia’s grid, generating 403.7 GWh annually, enough to power approximately 214,000 homes. It will also help reduce CO2 emissions by 162,000 tons each year. This is Atlas Renewable Energy’s first venture in Colombia and the largest project financed by IDB Invest in the country.
Related News
Three new solar projects from Recurrent Energy will supply 34,000 UK homes, cutting CO2 emissions by 31,000 tons annually. (Image Source: Recurrent Energy)
Recurrent Energy secures CfD for 120 MW UK solar projects
The ISO 14068 certification at DMEGC Solar’s Lianyungang base exemplifies sustainable practices in the photovoltaic sector. (Image Source: PRNewswire)
TÜV SÜD certifies DMEGC Solar’s carbon-neutral PV production sites
Aiming to support Malaysia’s 31% renewable goal by 2025, Masdar’s study could pave the way for large-scale floating solar in Southeast Asia. (Image Source: Masdar)
Masdar, Sarawak Energy partner for floating solar in Malaysia
Avangrid’s Camino Solar project will generate power for approximately 14,000 US homes and is expected to create $15 million in local tax revenue. (Image Source: Avangrid)