Cuatrecasas advises Scatec and Norfund on Colombian solar financing

Cuatrecasas has represented Scatec and Norfund as sponsors on the COP 364.8 billion financing arranged with Bancolombia and the FDN for the development and operation of the Barzalosa solar park in Nariño, Cundinamarca.

The project, the first of its kind in Colombia under this sponsorship model, has the potential to add 130 MW of installed capacity to Colombia’s National Interconnected System and is backed by a 15-year power purchase agreement designed to ensure long-term revenue stability and bankability.

Once operational, Barzalosa is expected to supply clean energy while avoiding an estimated 150,000 tons of CO₂ emissions annually. It also aims to generate employment, strengthen local supply chains, and support economic activity in surrounding municipalities.

The Cuatrecasas team was led by partners Natalia Arango (pictured) and Manuel Quinche, with support from specialists across finance, corporate, energy, infrastructure, real estate, and tax practices, as lawyers Juan Carlos Camacho, Simón Escobar, María Alejandra Martínez, Isabel Ocampo, and Samuel Tafur (Finance); Mateo Benjumea, and Alejandro Manrique (Corporate and M&A); Manuel Gómez, and Emilio Torres (Energy); Andrés Martínez (Infrastructure); Margarita Llorenteand Laura Pinzón (Real Estate); and Jaime Vargas, José Manuel Jaramillo, Nathalie Medina, and Valentina Vélez (Tax).