La Dorada solar PV plant

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The project involves the construction of a solar PV plant located in the municipality of La Dorada in the department of Caldas, Colombia. The plant will have a capacity of 129 MWp and will produce around 263 GWh annually, avoiding the release of 132,480 tonnes of carbon dioxide each year. Sponsor of the project is Elecnor Group’s renewable energy subsidiary, Enerfín. Banco de Bogotá and Banco de Occidente (part of Grupo Aval) arranged a $57 million (COP300 billion) loan using a long-term debt instrument. The loan does not involve contributions from the shareholders and is compatible with other financing sources available to the sponsor. Financial close was achieved on 20 April, 2023 and the plant is expected to become operational in November 2023. https://www.grupoelecnor.com/news/enerfin-secures-funding-of-usd-57-million-for-the-construction-of-its-first-photovoltaic-plant-in-colombia-en