Deals Counterparts

Enel commits to supplying 856 GWh of firm annual energy in Colombian Reliability Charge auction

Ppa Solar announced Sabanalarga and Usiacurí, Colombia Mar 5, 2026
1215 MW
Capacity
operating
Stage
Atlántico solar park
Project

Enel committed to supplying 856 GWh of firm annual energy through six projects totaling 1,215 MW net effective capacity as part of a 2024 Colombian Reliability Charge auction run by XM.

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Deal Analysis

Enel has committed to supplying 856 GWh of firm annual energy through six solar projects totaling 1,215 MW net effective capacity as part of a 2024 Colombian Reliability Charge auction run by XM. This Power Purchase Agreement (PPA) signifies a strategic move by Enel to secure long-term revenue streams and expand its renewable energy footprint in Colombia, while contributing significantly to the country's grid stability and energy security. The Reliability Charge auction mechanism, managed by XM, is designed to ensure adequate firm energy supply to meet Colombia's demand, making Enel's commitment crucial for the nation's energy security. The substantial 1,215 MW solar capacity underscores a significant investment in renewable infrastructure, aligning with global trends towards decarbonization and diversifying Colombia's energy matrix away from traditional sources. The commitment of 'firm annual energy' from solar projects highlights advancements in renewable energy integration and the increasing capability of intermittent sources to meet critical grid reliability requirements.
  • Enel's commitment to supply 856 GWh of firm annual energy.
  • Deployment of 1,215 MW of solar capacity across six projects.
  • Participation in Colombia's critical Reliability Charge auction.
  • XM's role as the auction administrator ensuring grid stability.

Source Intelligence

KEY DETAILS

featuring more than 403,000 panels and an investment of around $200 million. installed across 34 subfields covering roughly 415 hectares. ISA Energía built a 3.5 km transmission line and associated equipment to link the plant to the Sabanalarga substation. About 500 meters of the 500 kV line are underground. Construction created roughly 1,000 jobs. The project is part of a 2024 Colombian Reliability Charge auction run by XM, through which Enel committed to supplying 856 GWh of firm annual energy. The auction covered six projects totaling 1,215 MW net effective capacity within a set of 33 new generation plants. The Atlántico solar park is integrated into Enel’s solar hub in the Atlántico department alongside the Guayepo III project. Together, the two facilities bring nearly 400 MW of nominal capacity to the company’s Caribbean renewable expansion strategy.

Deal Size
an investment of around $200 million.
Capacity
The facility has 180 MW (AC) of capacity
Location
The Atlántico solar park, developed by Enel between the municipalities of Sabanalarga and Usiacurí in Colombia's Atlántico department
PPA Details
now delivering power to the National Interconnected System (SIN)
Financials
an investment of around $200 million.
COD
March 5, 2026 Luis Ini Installations Markets Markets & Policy Utility Scale PV Central & South America Colombia Image: Enel Colombia Share --> From pv magazine LatAm The Atlántico solar park... is now delivering power to the National Interconnected System (SIN)
PARTIES MENTIONED IN SOURCE
E
Enel Colombia developer/operator

"Enel Colombia’s 180 MW Atlántico solar park starts supplying national grid"

I
ISA Energía connection infrastructure builder

"ISA Energía, the company that built the connection infrastructure."

X
XM auction runner

"a 2024 Colombian Reliability Charge auction run by XM"

N
National Interconnected System (SIN) offtaker/grid recipient

"is now delivering power to the National Interconnected System (SIN)"

high quality Enriched Mar 5, 2026

Timeline

Announced
Mar 5, 2026
Signed
Closed
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