Matrix Renewables, the TPG-backed renewable energy platform, today announced it signed a new long-term financing agreement with Bancolombia and the Inter-American Development Bank for its Los Llanos portfolio. This financing is ground- breaking as it represents the first non-recourse long-term financing project for operating Solar PV or Wind in Colombia.

Located in Puerto Gaitan, in the region of Meta, the Los Llanos portfolio comprises the Bosques Solares de Los Llanos 1, 2 & 3 sites, each with 27 MW of capacity and together the largest operational Solar PV portfolio in Colombia. In addition to providing new, clean electricity to Colombian households and businesses, Matrix Renewables created over 500 jobs, with over 70% of the workers hired locally, through construction and now operations. Moreover, Matrix Renewables committed to execute the reforestation and/or environmental enhancement of at least 168 hectares of land. In February this year, President of Colombia Iván Duque, visited the site in recognition of this project’s contribution to Colombia reaching its ambitious renewable energy goals.