Madrid-based Matrix Renewables, backed by TPG Rise, will build two solar power plants in Chile and Colombia as part of a new partnership with greenhouse gas (GHG) emissions management specialist ALLCOT Group. The solar photovoltaic (PV) parks will be built under the Waste Activities Program for Latin America registered by ALLCOT in August 2020. They will be capable of generating Certified Emission Reductions (CERs) equivalent to 486,000 tonnes of carbon dioxide (CO2) equivalent emissions per year – 86,000 tonnes in Colombia and 400,000 tonnes in Chile. ALLCOT will be responsible for the assessment, registration, monitoring, and issuance of the generated carbon credits. At present, Matrix Renewables’ portfolio consists of 2.1 GW of operational, under-construction, or near shovel-ready solar photovoltaic (PV) projects and a further 2.7 GW of renewable energy schemes under development across Europe, the US and Latin America.
Matrix Renewables is a renewable energy platform that was founded by global alternative asset manager TPG through its impact investing fund, The Rise Fund, in 2020. Headquartered in Madrid, Matrix Renewables focuses on developing, constructing and being long-term owners of renewable energy assets. Matrix Renewables’ current portfolio is comprised of 2.1 GW of operational, under construction, or near ready-to-build renewable energy projects and storage and a further 2.7 GW pipeline of renewable energy projects under development across Europe, US and LATAM. With the backing and support of TPG, Matrix Renewables intends to grow into a multi-GW renewables platform while growing its geographical reach.