Shangri-La Solar PV Plant (201MW)

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"This project involves the construction of the Shangri-La Solar PV Plant, located in Tolima department, Colombia. The planned generation capacity of this Solar plant is 201 MWp. The sponsor for this initiative is Atlas Renewable Energy. The Latin America-focused Atlas acquired Shangri-La earlier this year to formally enter the Colombian market. This initiative will add 160 MWac of zero-carbon capacity to Colombia's energy grid, producing approximately 403.7 GWh of clean energy annually. This output is sufficient to supply power to around 214,000 homes and avoid the emission of approximately 162,000 tons of CO2 each year. The total project cost is $202m, of which $113m (COP 473.77bn) was secured with equal senior loans of $56.5m by both Bancolombia and IDB Invest. The financial close date is September 10th, 2024. " https://x.realfin.com/transaction/253487/shangri-la-solar-pv-plant-201mw ; https://renewablesnow.com/news/atlas-obtains-loan-for-201-mwp-shangri-la-solar-project-in-colombia-868376/ ; https://idbinvest.org/en/news-media/idb-invest-bancolombia-and-atlas-renewable-energy-announce-investment-boost-colombias