French multinational GreenYellow has announced securing financing of 172 billion Colombian pesos (approximately $43 million USD) with Banco de Bogotá S.A. for an 85MWp portfolio of solar power generation projects in Colombia.
Felipe Camargo, CEO of GreenYellow Colombia, emphasized the significance of the financing structure in bringing more renewable energy to Colombia, showcasing confidence in the region’s energy market potential.
The debt operation, structured under the figure of “project finance,” facilitated the refinancing of five solar parks located in Magdalena, Meta, and Córdoba departments, along with two self-consumption projects in Sucre and Boyacá.
With this investment, GreenYellow has now invested 310 billion pesos into its photovoltaic generation portfolio in Colombia, supporting the installation of over 130,000 solar panels across various locations.
GreenYellow’s commitment to solar energy development in Colombia aims to contribute to the expansion of clean energy capacity and mitigate global warming, the company highlighted.
Banco de Bogotá praised the initiative, emphasizing its support for projects promoting renewable energy sources and reducing greenhouse gas emissions for sustainable growth in Colombia.
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