COFIDES has partnered with Grupo Negratín in the construction, operation and maintenance of a photovoltaic plant (Alma 2) in Colombia, which entered into operation in November 2025. This is Negratín’s first owned power plant, materializing its position as an Independent Power Producer (IPP) in the region.
The photovoltaic plant has a capacity of 13.67 MWp and will supply energy under a 12-year Power Purchase Agreement (PPA).
The project has been financed through FIEX and COFIDES’ own resources and structured under a project finance model. Grupo Negratín has assumed a comprehensive role, acting as developer, constructor and operator. This involvement reflects its deep expertise in the renewable energy business and its solid track record in the Colombian energy market.
Positive Environmental Impact
The Alma 2 project delivers a positive environmental impact, avoiding 13,874 tonnes of CO₂eq annually throughout its operation. It contributes significantly to the achievement of the Sustainable Development Goals (SDGs), particularly SDG 7 “Affordable and Clean Energy” and SDG 13 “Climate Action,” through the generation of 13.67 MWp of photovoltaic power. The project has also supported SDG 8 “Decent Work and Economic Growth,” creating nearly 200 local jobs during its construction phase.
Grupo Negratín holds a leading position in Colombia, a market in which it has been active since 2021. Since then, the company has built 381 MW of the 2.4 GW installed in solar projects nationwide and continues to develop a robust project pipeline.
Miguel Ángel Ladero, Corporate Director of Investments at COFIDES, stated that “this financing demonstrates COFIDES’ strong commitment to renewable energy and to public-private collaboration models that promote responsible growth with local impact.” He also emphasized that the project led by Grupo Negratín “drives the energy transition in Colombia while strengthening the country’s industrial capabilities by incorporating clean technology, generating employment and significantly reducing greenhouse gas emissions.”
For his part, Enrique Díaz, Development & Investment Managing Director at Grupo Negratín, highlighted: “With this transaction, we begin our collaboration with COFIDES, which we trust will be key to generating meaningful synergies and advancing the development of our Colombian pipeline. We continue to reinforce our commitment to promoting sustainable energy solutions that generate economic, social and environmental value in the countries where we operate. With Alma 2, we strengthen our international expansion strategy by integrating our capabilities and contributing to the energy transition.”
About Grupo Negratín
Negratín Global Services is a vertically integrated global group specialized in the energy sector. With more than 25 years of experience, it provides comprehensive and innovative solutions to its clients, including renewable generation projects, project development, EPC and O&M services, as well as storage and hybrid systems. Since 2024, the company has pursued business diversification by participating as an IPP in key markets.
The group maintains an active presence in Europe, the Americas and Asia. Its mission is to accelerate the global energy transition through the development, construction, commissioning, financing and operation and maintenance of renewable generation plants alongside top-tier partners. It combines in-house engineering expertise and turnkey EPC execution capabilities with innovative and efficient financial structuring aligned with the highest ESG standards. Its ability to adapt solutions to new requirements and markets enables it to undertake a wide range of projects worldwide.
About COFIDES
COFIDES is a Spanish state-owned company that manages state financial funds, as well as its own resources and those of third-party institutions, with diverse objectives: supporting the internationalization of the Spanish economy, attracting foreign investment into strategic sectors in Spain, promoting the impact economy in Spain, and contributing to the development of the countries in which it invests. Its shareholder base includes the Spanish State as the majority stakeholder, alongside Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell and CAF – Development Bank of Latin America
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