Scatec and Norfund partner on Barzalosa solar park development
By Global Infrastructure Sherpa · Feb 25, 2026
Scatec developed the 130 MW Barzalosa solar park initiative in partnership with Norfund, with Scatec owning 65% of the project's capital and Norfund contributing the remaining 35%.
Deal Analysis
Scatec and Norfund's partnership to develop the 130 MW Barzalosa solar park in Colombia represents a significant investment in renewable energy infrastructure in a developing market. Scatec, holding a 65% stake, brings its expertise as a developer, while Norfund, with a 35% stake, contributes capital and its focus on investments in developing countries. This collaboration leverages the strengths of both entities to advance solar energy production in Colombia. The undisclosed value suggests a potentially substantial financial commitment to the project, further emphasizing its importance.
The Barzalosa solar park development aligns with the global trend of increasing renewable energy capacity and the growing demand for clean energy solutions in emerging economies. Norfund's involvement signals a commitment to sustainable development and infrastructure investment in Colombia. While the specific project stage is not detailed, the announcement date of 2026-02-25 indicates a forward-looking initiative with potential for long-term impact on Colombia's energy landscape. The partnership structure also suggests a shared risk and reward model, potentially attracting further investment in similar projects within the region.
- Partnership between experienced developer Scatec and investment fund Norfund.
- 130 MW solar park development in Colombia.
- Norfund's involvement highlights a focus on renewable energy investments in developing countries.
- Deal structure suggests a shared risk and reward model.
Market Context: The solar energy sector is experiencing significant growth globally, particularly in emerging markets seeking to diversify their energy sources and reduce carbon emissions. Colombia is actively pursuing renewable energy projects to meet its growing energy demands and contribute to global climate goals.
Source Intelligence
KEY DETAILS
The PPA covers 85% of the estimated production. The remaining 15% of the energy will be sold in the Colombian electricity market. Scatec will act as EPC contractor, with a scope equivalent to 70% of the capex, and will provide operation and maintenance services, as well as asset management. Scatec is listed on the Oslo Stock Exchange under the ticker symbol SCATC.
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Deal Size
La inversión total asciende a 121 millones de dólares.
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Capacity
En Colombia, la noruega Scatec cierra financiamiento y arranca la construcción del parque solar Barzalosa, de 130 MW
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Location
La noruega Scatec ha anunciado el cierre financiero del parque solar Barzalosa, de 130 MW, en el municipio de Nariño, departamento colombiano de Cundinamarca, e inicia su construcción.
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PPA Details
El proyecto, que contará con un contrato de compraventa de energía a 15 años indexado a la inflación y denominado en pesos colombianos
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Financials
La estructura contempla aproximadamente 70% de deuda sin recurso y 30% de capital.
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Announcement
febrero 25, 2026
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COD
El proyecto cuenta con un PPA a 15 años, anunciado en septiembre pasado , que cubre el 85% de la producción estimada y prevé entrada en operación comercial en el primer semestre de 2027.
PARTIES MENTIONED IN SOURCE
S
Scatec
developer
"La noruega Scatec ha anunciado el cierre financiero del parque solar Barzalosa, de 130 MW, en el municipio de Nariño, departamento colombiano de Cundinamarca, e inicia su construcción."
N
Norfund
investor
"Scatec posee el 65% del capital del proyecto y desarrolló la iniciativa junto a Norfund, que aporta el 35% restante."
B
BTG Pactual Comercializadora de Energía
buyer
"El contrato de compraventa de energía fue suscrito con BTG Pactual Comercializadora de Energía, filial del banco brasileño Banco BTG Pactual."
B
Bancolombia
lender
"Los financiadores senior son Bancolombia y Financiera de Desarrollo Nacional."
F
Financiera de Desarrollo Nacional
lender
"Los financiadores senior son Bancolombia y Financiera de Desarrollo Nacional."
high quality
Enriched Feb 25, 2026
Market Context
This deal is part of the Solar sector in Colombia.
1 of 453 Solar deals tracked this month · Updated daily
Global Infrastructure Sherpa