12 October 2023
Cubico Sustainable Investments (Cubico), one of the world’s largest privately-owned renewable energy companies, has put nine new solar PV projects into operation in Colombia through its joint venture with Celsia this year.
The new projects, totalling 200 MWp, comprise San Felipe, Melgar, Yuma, Dulima and Flandes in Tolima; and Buga 1, Palmira 1, Palmira 3, and La Victoria 1-2 in Valle del Cauca.
This takes Cubico and Celsia’s operational solar platform in Colombia to 300 MWp, making it one of the largest in the country.
Through the same joint venture the companies have a further 200 MWp in construction and late stage development, which will become operational during 2024 and 2025, and a further development pipeline of over 500 MWp.
In addition, Cubico and Celsia’s solar PV portfolio is complemented by the significant Caoba transmission and distribution (T&D) platform, with assets in the Tolima, Valle and Caribbean regions.
Camilo Toro Gómez, Country Manager for Colombia at Cubico, said: “We continue to support Colombia’s energy transition by consistently bringing even more clean power to the grid. This is especially relevant during the current El Niño dry season, where alternative power to the hydro generation base is much needed by the country.
“We are very proud to be one of the key players and market leaders for renewable investment in Colombia, as well as in the T&D business where we directly contribute to the country’s energy infrastructure needs.”