en.Wedoany.com Reported - Colombia's National Development Bank (FDN) recently approved a financing package for the Chicalá solar park project. The photovoltaic plant, with an installed capacity of 13 MWp, is currently nearly 60% complete. The total financing amounts to up to 37.481 billion Colombian pesos (approximately US$10 million), structured as senior debt covering all project debt, with a loan term of 14 years.

Electricity generated by the Chicalá project will be fed into the grid through the Sabanalarga substation, operated by Transelca, a subsidiary of the ISA Group. The project was acquired by Verano Energy in 2023, along with the 270 MWp Las Palmeras solar park in the Cesar Department and the 13 MWp Bambú solar park in Barrancabermeja, Santander Department.

In February 2025, Verano Energy signed a power purchase agreement (PPA) with AES Colombia related to the Chicalá project. The company stated that the contract secures the sale of the electricity generated by the plant, construction of which had already commenced earlier.

The total investment for the photovoltaic plant is estimated at approximately US$11 million, with commercial operation scheduled to begin in 2026. According to Verano Energy, once operational, the plant will generate approximately 26 GWh of electricity annually, enough to meet the needs of over 7,000 Colombian households.

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