Park Beta is a 280MW onshore wind power project. It is planned in La Guajira, Colombia. The project is currently in permitting stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in December 2022.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Onshore 280 280 Permitting La Guajira, Colombia Eolos Energia

Description

The project is being developed by Eolos Energia and is currently owned by EDP Renovaveis with a stake of 100%.

The project cost is expected to be around $558.6m.

The wind power project consists of 77 turbines.

Development Status

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Post completion of the construction, the project is expected to get commissioned in December 2022.

Power Purchase Agreement

The power generated from the project will be sold to XM Compania de Expertos en Mercados under a power purchase agreement. The power will be sold at the rate of $0.015kWh for a period of 15 years.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.