The Ecopetrol Group announced the construction of a new solar park through its Cenit subsidiary. The facility will be located in the department of Meta.
The solar park will become the largest energy self-generation center in the country, after the Castilla Solar Park, which started operations in October 2019.
With the project, Ecopetrol (NYSE: EC) increased its installed photovoltaic power capacity to more than 70MW, the NOC said in a statement.
The new park will be located in the municipality of Castilla La Nueva (Meta). Its construction will start in June 2020 and it is estimated to start operations in December this year.
This facility will have an installed capacity of 50MWp, more than double the capacity of the Castilla Solar Park.
The project will supply energy to the San Fernando and Apiay pumping stations, and oil fields in Castilla, Chichimene and Apiay.
The park will have an area of 46 hectares, in addition to more than 100,000 solar panels, stopping the release of more than 410,000 tons of CO2 emissions during the next 15 years.
“This is another example of our commitment to Colombia’s energy transition process and the mitigation of climate change effects,” CEO Felipe Bayón said.
Cenit’s Héctor Manosalva said that the initiative will help the company advance along the path of energy efficiency, leveraging the country’s solar energy potential.
Bottom-Line: We are seeing more companies in the oil sector betting on the use of renewable energies, especially solar panels, for power generation processes, proving that traditional and ‘green’ energies can coexist, and work together to boost the energy transition process.