Solarpack, through its Colombian subsidiary, was awarded long-term clean energy contracts for two solar photovoltaic developments with a total installed capacity of 252 MWp in Colombia.
Solarpack said it was awarded the 15-year PPAs at higher prices than the average weight price of COP 155 (USD 0.041/EUR 0.035) per kWh, said company in a press release.
The projects are in the Cesar and Córdoba departments.
Solarpack will build 100 MW solar farm in Cordoba and 80 MW in Cesar, said the official results released by auction manager.
The award is part of an auction process launched by the Colombian Ministry of Mines and Energy that saw 17 important international and local energy players competing. Solarpack was awarded contracts with prices above the average auction price of COP155/kWh, according to a press briefing by the Energy and Gas Regulatory Commission.
Following the auction decision, Solarpack can move ahead with the financing and construction of the projects, which will generate a total of around 450 GWh a year, with energy supplies starting in 2023.