Solar project in Arauca

Company News, Energy, Renewables    Dec 15, 2021 5:10 PM

The oil sector announced a new solar project in one of the most important oil fields in the country.

SierraCol Energy awarded a solar project within the Caño Limón oil field in the department of Arauca, Valora Analitik reported.

The project will create 1,068 jobs and avoid 23,660 tons of CO2 per year.  It will start operating in 2H22 under a ten-year power purchase agreement (PPA) until 2032.

Klarzen Green Technology Inc. will develop the project.

The project will have a capacity of 40MW and will generate 20% of the current consumption of the Caño Limón oil field, including all its modern hydrocarbon operation equipment.

With this solar energy system, 779,000 tons of CO2 emissions will be avoided over 25 years.

Klarzen Green is building photovoltaic plants of 10MW for GeoPark (NYSE: GPRK) in Casanare, 3MW for Carboquímica in Cartagena, 2MW for Hospital Universitario del Valle, 1.5MW for the Cundinamarca Government, 1MW for Comestibles Ricos SA in Bogota, among other projects.

“Colombia is our most strategic market in Latin America. In addition to being an energy consumer and equipment importer. From here, we also export advanced electrical and civil engineering services for solar energy projects in other countries in the Andean region,” Jhon Cohen, vice president of Klarzen America said.

Bottom-Line: The oil sector continues to show that renewable energy and fossil fuels can coexist.

In addition, oil companies are playing an important role in the inclusion of new energy sources in their operations, demonstrating their environmental commitment.

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