MPC Energy Solutions and Akuo Energy, in a 50-50 joint venture, have linked their 26.7 MW PV plant, Planeta Rica, to the grid. The facility, constructed by Mota-Egil and funded by Bancolombia, operates under a 15-year PPA with Celsia, targeting an annual revenue of approximately USD 1.6 million by 2024. Expected to generate 48 GWh annually, the plant aims to cut over 4,000 tons of CO2 emissions each year.
Planeta Rica powers up, generating clean energy for Colombia
The company’s growing portfolio now includes five operational projects across four regional countries. Illustration from MPC Energy Solutions.
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)