Cubico sets its sights on Colombian solar

15 October 2019

Cubico Sustainable Investments is to develop a 400 MW solar photovoltaic (PV) platform in Colombia in partnership with Latin American developer Celsia, it has announced.

The London-based firm says that it will build the capacity over the next two years after opening its first office in Colombian capital, Bogotá, earlier this year. The platform will be the largest of its kind in the country, it added.

Ricardo Díaz, Head of Americas at Cubico, said: “We are proud to have built this alliance in Colombia with Celsia, with whom we share an innovative spirit, strong support for clean energy and a long-term strategy. This milestone consolidates Cubico as a leader in the Americas and will serve as a platform to continue with our growth strategy and value creation in Colombia.”

Cubico will provide expertise and best practices in asset management, as well as a multidisciplinary team with expertise in identifying business opportunities to create long-term value, while Celsia will provide essential knowledge on the local power sector.

Francisco Moya, Head of Brazil & Latam at Cubico, said: “Celsia is one of the most important  power companies in Colombia and undoubtedly the pioneer of the development of renewables in the country. We hope to continue developing renewable projects in the region through this exciting strategic partnership.”

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