Efigen signs agreement with PowerChina to develop 238-MW solar farm in Colombia

Efigen, in a partnership with Bosk Capital, has signed an agreement with Power Construction Corporation of China (PowerChina) to develop and sell a 238 MW solar farm in Colombia. The Efigen solar farm, located in northern Colombia, is under construction in approximately 470 hectares and will be connected to Colombia's national grid once completed. This project represents a significant milestone, reaffirming Efigen's presence in the country and allowing the company's continued support to Colombia's progress and long-term development.

Speaking about the deal, Hassan Bahauddin, CEO at the Efigen Group, said: "This accomplishment is yet another key moment in the Efigen and Bosk Capital partnership global growth strategy, primarily in the Colombian market, where we initially began operations nine years ago. It is a reaffirmation of our commitment to a greener and more sustainable future."

"2022 is bringing new opportunities and projects to the Efigen Bosk Capital partnership," said Luis Portilla, Managing Partner at Bosk Capital. "In Colombia, we successfully closed a substantial contract with PowerChina and are currently negotiating further numerous large-scale projects with global energy clients looking to enter the Colombian market, as well as developing the first of three large-scale projects in Pakistan."

Solar Power Farm by Efigen
Photo: Efigen

Efigen, headquartered in Medellín, Colombia, is a global company with a presence in many key markets, specifically developing countries in Latin America and Asia. The company acquires lands to design and develop solar PV projects for global energy companies to purchase and operate. The company provides opportunities for energy companies who wish to own their renewable power plants, allowing for co-development of finalized projects. Efigen's deal with PowerChina is one of the many deals the company has secured as it continues to contribute carbon reduction and infrastructure development in its key markets.

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