Cuatrecasas acts on Colombia’s solar energy project
Cuatrecasas has advised Patria Investments, a leading alternative asset manager in Latin America, on the structuring and financing of Puerta de Oro, Colombia’s largest solar energy project. This initiative, located in the Department of Cundinamarca, will have an installed capacity of 358 MW and contribute to an annual reduction of 361,000 tonnes of CO2 emissions.
The project aims to strengthen Colombia’s energy security while promoting environmental and economic sustainability. Financing for the construction, operation, and maintenance of the project totals COP 1 billion—the highest debt-financed amount for projects of this type in Colombia—secured by Bancolombia, Banco de Occidente, Banco de Bogotá, and the National Development Finance (FDN).
Covering over 900 hectares, “Puerta de Oro” will become the largest solar park in Colombia once operational. Strategically located near major energy demand centers such as Bogotá and Medellín, it will feature a 22.4 km transmission line to enhance access to green energy sources for Colombians. This landmark project also represents a significant step in transitioning to sustainable energy solutions.
The Cuatrecasas advisory team was led by Manuel Quinche (pictured left) and Ana María Sánchez (pictured right) from the Bogotá office. Supporting them were Madelin Ramos, Juan Esteban Rangel, and Natalia Serrano (Finance); and Marcos Díaz, Manuel Gómez, Andrés Martínez, Santiago Mendoza, and Nicolás Villaneda (Energy and Infrastructure).
