Colombia awards contracts for 796.3 megawatts of solar energy

PV Tech:

Colombia has awarded contracts to 11 solar PV projects with a combined capacity of 796.3MW in its third renewable energy auction.

The winning projects are backed by 15-year power purchase agreements (PPAs) and are required to be operational from January 2023.

Average winning bids in the auction yesterday (26 October) were COP155.8/kWh (US$0.0414/kWh), according to Colombia’s Ministry of Mines and Energy, which said the 11 PV plants will support 4,800 jobs across the country.

“The success of this new auction shows that the energy transition in Colombia is a reality,” said Minister of Mines and Energy Diego Mesa.

[Jules Scully]

More: Colombia awards 800MW of solar in third renewables auction