Solar energy project starts with US investment in Arauca

14 December 2021
The firm of American and Israeli origin Klarzen Green Technology Inc has an investment plan for more than US$300 million in 2022 in renewable energy projects for Colombia.

Within the Caño Limón oil field in the department of Arauca, a new solar energy project will create 1,068 jobs and contribute to reducing 23,660 tons of CO2 each year, which is equivalent to 76,632 planted trees.

The project, which will come into operation in the second half of 2022 under a 10-year power sale contract (PPA) and valid until 2032, belongs to the company Klarzen Green Technology Inc, which invested from its headquarters in the United States US$ 37.3 million in Colombia for the installation of 66,666 solar panels.

 

“We arrived in Colombia in 2014 with an equipment distribution line and since 2019 we have expanded the operation to financing, installation and provision of energy services, motivated by the market potential, and the country has excellent solar radiation in a stable manner throughout the 12 months of the month of the year, an energy industry with great growth potential and a stable economic policy in the long term”, says Jhon Cohen, vice president of Klarzen America.

 

The initiative was awarded by the multinational oil company SierraCol Energy and will be a 40 megawatt alternative energy project, it will generate 20% of the current consumption of the Caño Limón oil field including all its modern hydrocarbon operating equipment, this is equivalent to the consumption of 24,000 Colombian families. With this solar energy system, 779,000 tons of CO2 will be emitted in 25 years, which is equivalent to planting 1,908,300 trees.

Klarzen Green Technology Inc has operations globally since 1948 with research centers in Israel, and in Panama, Brazil and Colombia, where it has offices in Bogotá, Cali and Medellín.

 

“The energy transition and renewable energies have been one of the priorities of the National Government with social, environmental and economic components. Following this objective, from ProColombia our strategy consists of promoting and attracting new investments in energy generation and associated services, to strengthen and complement our national energy matrix and guarantee supply reliability. Klarzen's operation in the country aims at this objective, in addition, it contributes to economic reactivation with contributions of technology transfer, competitiveness and employment”, said Flavia Santoro, president of ProColombia.

 

To date, the multinational generates 176 direct projects and more than 1,200 indirect ones through the supply chain. In addition to the 40 MW solar project for SierraCol in Caño Limón, it is building photovoltaic plants of 10 MW for GeoPark in Casanare, 3 MW for Carboquímica in Cartagena, 2 MW for the Hospital Universitario del Valle, 1.5 MW for the Government of Cundinamarca, 1 MW for Comestibles Ricos SA in Bogotá, among other distributed generation projects for clients such as Haceb, Universal Music, Casa Toro, Innova Schools, Jardines de los Andes, among others.

 

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

 

According to Santoro, since the beginning of the government of President Iván Duque (August 2018), seven renewable energy projects supported by ProColombia have arrived with business

for US $ 446 million; In 2019, 17 initiatives valued at US$ 1,600 million were registered; and in 2020, 24 did so with investments of US $ 3.7 trillion, that is, more than eight times the value of 2018. And between January and October 2021, 14 projects have been certified for US $ 3.1 trillion.

On the other hand, on October 26th, 11 additional energy generation projects were designated in the country with the renewable energy auction of the Ministry of Mines and Energy. The initiatives must begin to deliver energy in January 2023, as established in the conditions of the tender.

9 generating companies, 53 trading companies and 11 generation projects were assigned. With this auction, the installed capacity that the country will have has been multiplied by 100 times compared to 2018.

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