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[PRESS RELEASE] Faro Energy delivers new solar plant in Medellin, Premium Plaza Shopping Mall

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Faro Energy delivers new solar plant in Medellin, Premium Plaza Shopping Mall

 

Medellin's elite shopping mall, Centro Comercial Premium Plaza (Premium) has reaffirmed its commitment to the environment by announcing its new solar plant. The plant is part of a long-term bilateral energy purchase agreement between Premium and Faro Energy (Faro) where Faro invests and manages the plant throughout its useful life and Premium buys clean energy.

The plant has more than 1,200 solar panels covering 4,000 square meters of built surface, the equivalent to approximately half a football pitch and generates 611 MWh of clean energy each year. The electricity generated by the plant is equal to the energy consumed by more than 500 Colombian homes and represents 28% of the energy consumed by Premium. The new system will prevent the emission of 455 tons of CO2 each year, the equivalent of removing 1,500 cars from circulation each year.

The project represents the strong growth Colombia is experiencing in the development of non-conventional renewable energy and how the private sector increasingly values on-site renewable energy solutions, prioritising environmental benefits and reducing energy costs.

“Premium Plaza is one of the most recognised shopping malls in Medellin and Colombia. We hope this project inspires visitors to learn more about the solar revolution taking place among Colombian corporates. I am excited to be part of Faro's pioneering efforts in Colombia" – Gabriel Umaña, Business Development Manager, Faro Energy in Colombia.

“Premium Plaza project was built and certified according to the highest design and construction standards defined by NABCEP (leading authority in the field of solar energy in North America) and reinforced with a Colombian RETIE certification. This, in addition to the quality and global recognition of the manufacturers of the equipment used in each component of the plant, is the best guarantee that we will have a highly performing plant for the next thirty years” Juan David Silva, Operations Director for Faro Energy in Colombia.

Key data points:

  • 422 kWp (kWp = kilowatt peak = nominal power of the solar panels);

  • 1,278 solar panels covering an area of 4,000 square meter equivalent to half a football pitch;

  • During the installation 20 new jobs were created;

  • The installation took two months to build; the plant came online in August 2018.

 

About Premium Plaza

Premium is one of the most emblematic shopping malls of Medellin and Colombia. Its environmental program, Pilas con el Planeta, places Premium as the leading shopping mall in the country in terms of energy efficiency, LED illumination, resource management optimisation and carbon footprint measurement. The facility has an area of 115.000 square meters that includes 260 separate tenants, 3 food courts and other sporting attractions. Premium has been in operation since 2007.

 

About Faro Energy

Faro Energy is an investment company and asset manager that develops distributed solar projects to sell energy to large and exceptional energy consumers (both industrial and commercial). Faro invests 100% of the capital needed to develop energy plants and the off-takers agree to purchase the electricity through a long-term power purchase agreement. As owner of the plant, Faro manages and operates the asset during its useful life. Solar energy offers clients energy savings and greater visibility to manage costs. Faro operates from Brazil, Colombia and the UK.

 

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Faro Energy presenta nueva planta solar en Medellín

 

Centro Comercial Premium Plaza P.H. (Premium) en Medellín reafirma su compromiso ambiental confiando su transición hacia energía sostenible a Faro Energy SAS (Faro).

Con la inversión y gestión de Faro, Premium presentó sistema de energía solar conformado por más de 1.200 paneles solares fotovoltaicos instalados en una superficie de 4.000 metros cuadrados, el equivalente a media cancha de fútbol que generará 611 MWh de energía limpia cada año. La energía de esta planta correspondiente al consumo mensual de más de 500 hogares colombianos y representa el 28% de la demanda mensual de energía de este importante centro comercial. El nuevo sistema también evitará la liberación de 455 toneladas de CO2 a la atmósfera cada año, el equivalente a sacar de circulación 1.500 vehículos.

El proyecto se ejecutó con base en un acuerdo bilateral de compra de energía suscrito entre Premium y Faro. Faro, gestor y titular de los activos, estará a cargo de la operación y mantenimiento de la planta durante su vida útil. El proyecto refleja el crecimiento de la implementación de energía renovable no convencional en el país y la manera como el sector privado incorpora este tipo de energía por sus beneficios económicos y ambientales.

“Premium Plaza es uno de los centros comerciales más reconocidos de Medellín y del país. Esperamos que este proyecto inspire a los visitantes a conocer y entender mejor la revolución solar que se está dando en Colombia. Estoy muy contento de hacer parte de esta importante iniciativa que promueve Faro en Colombia” dijo Gabriel Umaña, Gerente Comercial de Faro Energy en Colombia.

“El proyecto de Premium Plaza cumple con los más altos estándares de diseño y construcción definidos por NABCEP (máxima autoridad norteamericana en energía renovable) y reforzados por la certificación colombiana RETIE. Sumado a la alta calidad y reconocimiento de los fabricantes de los componentes utilizados en la construcción aseguraremos un desempeño sobresaliente durante los próximos 30 años” dijo el Director de Operaciones de Faro Energy, Juan David Silva.

 

Datos de interés:

  • 422 kWp (kWp = kilovatio pico = potencia nominal de los paneles solares);

  • 1.278 paneles solares instalados y área construida de 4.000 metros cuadrados equivalente a media cancha de fútbol;

  • Durante la fase de instalación se crearon 20 empleos directos;

  • La instalación del sistema de energía solar tardó 2 meses y finalizó en agosto de 2018.

 

Acerca de Premium Plaza

Con sus 115,000 metros cuadrados, que incluye más de 260 locales, 3 plazoletas de comida, entre otros, Premium Plaza es uno de los centros comerciales más emblemáticos de Medellín y del país. Premium cuenta con un programa de responsabilidad social ambiental llamado Pilas con el Planeta que ha hecho al centro comercial pionero en temas de eficiencia energética, iluminación LED, optimización de recursos y medición de huella de carbono. Premium Plaza opera desde el 2007.

 

Acerca de Faro Energy

Faro Energy es una empresa de inversión y gestor de activos concentrada en proyectos de energía renovable tanto de generación (inyección directa a la red) como de autogeneración (generación en sitio, 'generación distribuida'). Los proyectos de Faro comprenden un rango de potencias instaladas entre 500 kWp y 15 MWp (potencia pico). FARO invierte 100% del capital requerido en sus proyectos para suplir/vender energía contratada a largo plazo. FARO gestiona múltiples entidades proyecto, administra y opera portafolio de activos durante su vida útil. La trayectoria de FARO inicia a finales de la década de los 2000s con el financiamiento de créditos de carbón en China y en los mercados de capitales de Londres y Nueva York. FARO opera desde Brasil, Colombia e Inglaterra. 

 

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Faro Energy delivers new solar plant in Medellin, Premium Plaza Shopping Mall

 

Medellin's elite shopping mall, Centro Comercial Premium Plaza (Premium) has reaffirmed its commitment to the environment by announcing its new solar plant. The plant is part of a long-term bilateral energy purchase agreement between Premium and Faro Energy (Faro) where Faro invests and manages the plant throughout its useful life and Premium buys clean energy.

The plant has more than 1,200 solar panels covering 4,000 square meters of built surface, the equivalent to approximately half a football pitch and generates 611 MWh of clean energy each year. The electricity generated by the plant is equal to the energy consumed by more than 500 Colombian homes and represents 28% of the energy consumed by Premium. The new system will prevent the emission of 455 tons of CO2 each year, the equivalent of removing 1,500 cars from circulation each year.

The project represents the strong growth Colombia is experiencing in the development of non-conventional renewable energy and how the private sector increasingly values on-site renewable energy solutions, prioritising environmental benefits and reducing energy costs.

“Premium Plaza is one of the most recognised shopping malls in Medellin and Colombia. We hope this project inspires visitors to learn more about the solar revolution taking place among Colombian corporates. I am excited to be part of Faro's pioneering efforts in Colombia" – Gabriel Umaña, Business Development Manager, Faro Energy in Colombia.

“Premium Plaza project was built and certified according to the highest design and construction standards defined by NABCEP (leading authority in the field of solar energy in North America) and reinforced with a Colombian RETIE certification. This, in addition to the quality and global recognition of the manufacturers of the equipment used in each component of the plant, is the best guarantee that we will have a highly performing plant for the next thirty years” Juan David Silva, Operations Director for Faro Energy in Colombia.

Key data points:

  • 422 kWp (kWp = kilowatt peak = nominal power of the solar panels);

  • 1,278 solar panels covering an area of 4,000 square meter equivalent to half a football pitch;

  • During the installation 20 new jobs were created;

  • The installation took two months to build; the plant came online in August 2018.

 

About Premium Plaza

Premium is one of the most emblematic shopping malls of Medellin and Colombia. Its environmental program, Pilas con el Planeta, places Premium as the leading shopping mall in the country in terms of energy efficiency, LED illumination, resource management optimisation and carbon footprint measurement. The facility has an area of 115.000 square meters that includes 260 separate tenants, 3 food courts and other sporting attractions. Premium has been in operation since 2007.

 

About Faro Energy

Faro Energy is an investment company and asset manager that develops distributed solar projects to sell energy to large and exceptional energy consumers (both industrial and commercial). Faro invests 100% of the capital needed to develop energy plants and the off-takers agree to purchase the electricity through a long-term power purchase agreement. As owner of the plant, Faro manages and operates the asset during its useful life. Solar energy offers clients energy savings and greater visibility to manage costs. Faro operates from Brazil, Colombia and the UK.

 

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