200MW Solar Photovoltaic Power Plant RTB with GOV PPA

Colombia’s solar photovoltaic (PV) market is experiencing transformative growth, driven by high solar irradiance levels, strong government backing through Law 1715 and Law 2099, and an urgent demand to diversify the national energy matrix. As corporate sustainability commitments increase and levelized costs of energy continue to drop, Commercial & Industrial (C&I) distributed generation and utility-scale projects are rapidly expanding. With favorable regulatory tax incentives, net-metering structures, expanding corporate Power Purchase Agreement (PPA) avenues, and government-backed PPAs clearing at attractive rates (e.g., $70/MWh with government-controlled entities), Colombia represents one of Latin America's most dynamic solar growth environments.

• ~200 MW RTB originated solar pipeline across utility-scale and distributed generation projects

• Vertically integrated model including origination, development, EPC, and O&M

• 10+ years of operating experience across renewable energy projects in Colombia

• Institutional-grade governance and reporting framework

• Access to long-term contracted industrial off-takers and government-backed PPAs at ~$70/MWh

• Significant scalability across the Colombian market

• Designed for long-term ownership and platform value creation rather than project flipping

The company operates a fully integrated solar infrastructure platform with in-house capabilities spanning project origination, permitting, engineering, procurement and construction, operations and maintenance, and long-term asset management. The structure has been specifically designed to facilitate international investment, project-level ring-fencing, and access to development finance institutions and project finance lenders. The platform combines an international holding company structure with Colombian operating entities and ring-fenced project SPVs, enabling USD-oriented investor governance and scalable portfolio expansion.

The Colombian renewable energy market is experiencing structural demand growth driven by industrial decarbonization, long-term power purchase agreements, and supportive regulatory incentives. Colombia features a substantial capacity gap and increasing demand from investment-grade corporate energy consumers alongside government-controlled off-takers contracted at competitive long-term PPA rates of ~$70/MWh. The platform is positioned to capitalize on this multi-year build cycle through a repeatable origination and development model.

Financial Metric	Estimated Value (Annual)	Calculation Basis / Industry Standard
Gross Revenue	$24.5M – $27.0M	200 MW × 8,760 hours × 21% Capacity Factor × $70/MWh = $25,754,400 (approx. $25.75 million)
Operating Costs (OPEX)	$3.0M – $4.0M	~$15,000 – $20,000 / MW / year (O&M, land, insurance, tax)
EBITDA	$20.5M – $23.0M	Estimated 82% – 85% EBITDA margin
RTB Project Purchase Price	$24.0M – $36.0M	$120,000 – $180,000 / MW (standard LATAM RTB premium)
Total Build CAPEX	$130.0M – $160.0M	$650,000 – $800,000 / MW turn-key EPC cost