Bogota solar Module Factory Project

4 FAQs about [Bogota solar Module Factory Project]

Where is a solar project located in Colombia?

The project will be located in Nariño, just over 100 kilometres west of Bogotá. Colombia has attractive market fundamentals, offering high irradiation, strong demand for renewables and a supportive regulatory environment. Colombia is expected to add more than 5 GW of solar capacity over the next five years.

Is Colombia a good place to invest in solar power?

Colombia has attractive market fundamentals, offering high irradiation, strong demand for renewables and a supportive regulatory environment. Colombia is expected to add more than 5 GW of solar capacity over the next five years. “This agreement marks an important step for Scatec as we enter the Colombian market with a commercially robust project.

What is a PPA & how does it work in Colombia?

The PPA will be denominated in Colombian Pesos and inflation adjusted based on Colombia’s Producer Price Index. With this award, Scatec will advance its first project in Colombia. The project will be located in Nariño, just over 100 kilometres west of Bogotá.

How much does Scatec spend on a solar plant?

The estimated total capital expenditure (capex) for the solar plant is USD 110 million, and Scatec will be the designated Engineering, Procurement and Construction (EPC) provider with an EPC scope of approximately 80% of capex. Scatec will further provide Operations & Maintenance (O&M) and Asset Management (AM) services for the plant.

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