Colombia: MPC Energy Solutions signs power purchase agreement for Colombian solar PV project 26 Apr 2021 MPC Energy Solutions has signed a power purchase agreement (PPA) for Parque Solar Los Girasoles, a solar PV project under development in Colombia. The COP-denominated agreement includes the delivery of around 23 GWh a year over a 12 year period starting in Q2 2022. The agreement was signed with Grupo Renovatio, a leading Colombian energy trading firm and electricity supplier. This is MPC Energy Solutions’ first PPA since its listing on the Oslo Stock Exchange’s Euronext Growth segment on 22 January 2021. The agreement has been secured through Grupo Renovatio’s private renewable energy auction, the first in the region, which seeks to provide an innovative solution that complements the energy sales and purchases mechanisms already available in the Colombian energy market, such as bilateral contracts with agents, non-regulated end users and public tenders. Construction of Parque Solar Los Girasoles is expected to start in Q3 2021, with energy production expected to start in Q2 2022. The project is part of the company´s 240 MWp solar portfolio, with five solar PV plants across three different regions within Colombia. This agreement between MPC Energy Solutions and Grupo Renovatio is the first one of a series of collaborations that the companies are discussing in Colombia.