Atlantica cuts ribbon at 20-MW solar farm in Colombia

London-based company Atlantica Sustainable Infrastructure plc (NASDAQ:AY) inaugurated on Friday the 20-MW La Sierpe solar PV farm in Colombia, its first solar investment in the country, it announced.

The plant is composed of over 65,500 bifacial solar panels installed on a 65-hectare (160.6 acres) site in the municipality of San Benito Abad, in the department of Sucre. It took an investment of close to USD 20 million (EUR 17.9m) to complete the project, according to the Colombian ministry of mining and energy.

La Sierpe solar farm will operate under a 15-year power purchase agreement (PPA), Atlantica Sustainable Infrastructure said.

The project was developed and built by AAGES, an international joint venture between Canadian utility Algonquin Power & Utilities Corp (TSE:AQN) and Spanish engineering firm Abengoa SA. In December 2020, Atlantica reached an agreement to acquire La Sierpe once it reaches commercial operation.

At the time, the sustainable infrastructure investor and Algonquin also agreed to potentially co-invest in additional solar projects totalling some 30 MW in Colombia.

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