Solar Project 4

Colombia
PROJECTS Overview- Three Projects with total 140 mw
1-PV Project A (SAN SILVESTRE)
- Nominal Power : 59,8 Mwn
- Peak Power : 71,8 Mwp
- Technology ( TBD ) : Fix / 1 axis
- Province : Santander.
- Land Hectares : 120 Ha.
- Evacuation Line : 8,3 Km.
- S.S. Connection : 115KV ( S.S. Buenos aires )
- Grid Operator : ESSA ( EPM )
- PPA : 210 Cops / Kwh (61,31 US/Mwh)
- Land ( Rental ) : 3 MCOP / Ha ( 1.664 USD/Mwp )
2- PV Project B (LA PRADERA)
- Nominal Power : 39,9 Mwn
- Peak Power : 47,9 Mwp
- Technology ( TBD ) : Fix / 1 axis
- Province : Norte Santander.
- Land Hectares : 80 Ha.
- Evacuation Line : 0,7 Km.
- S.S. Connection : 115KV ( S.S. San Alberto )
- Grid Operator : ESSA ( EPM )
- PPA : 210 Cops / Kwh (61,31 US/Mwh)
- Land ( Rental ) : 3 MCOP / Ha ( 1.664 USD/Mwp )
3- PV Project B (LIZAMA)
- Nominal Power : 39,9 Mwn
- Peak Power : 47,9 Mwp
- Technology ( TBD ) : Fix / 1 axis
- Province : Santander.
- Land Hectares : 80 Ha.
- Evacuation Line : 2,9 Km.
- S.S. Connection : 115KV ( S.S. Lizama )
- Grid Operator : ESSA ( EPM )
- PPA : 210 Cops / Kwh (61,31 US/Mwh)
- Land ( Rental ) : 3 MCOP / Ha ( 1.664 USD/Mwp )
COMMON PREMISES
Taxation
• Deduction of 50% of investments from the income tax for ten years.
• Accelerated depreciation.
• Value-added tax (VAT) exemption on the equipment and services for the projects.
• Exemption from duties.
• General VAT RATE : 19%
• General Corporate Income Tax rate : 35%
Others
• PPA Take or pay. All Energy produced by PV plant 1 will be purchased by the Offtaker
• PPA Price : 210,00 COP / Kwh ( 61,31 USD / Mwh )
• Energy counter located at Substation input.
• Energy yearly Price increase : IPP = 2,5 %
• Yearly panels degradation : 0.5%
• PPA Time duration 20 Years.
• From 20 to 25 years. Spot price
• Debt time duration : 15 years
• Interest rate : 8%
• Insurance : 0,3% Capex / Year
• Land cost : 3.000.000 COPS / Ha
• Security : 60.000 USD / Year