City of Knowledge purchases renewable energy

Sustainability

Enel Green Power supplies 4000 MWh of annual renewable electricity to the City of Knowledge for a period of 10 years. The agreement will allow joining efforts and promoting initiatives on sustainability, clean energy, innovation and the exchange of knowledge.

The renewable energy subsidiary in Panama of the Italian energy company Enel, Enel Green Power Panama (EGPP), and City of Knowledge -an innovative community that promotes social change through humanism, science and business-, signed a purchase agreement (PPA) for the annual supply of 4000 MWh of renewable electricity for 10 years. In addition to this commercial alliance, both organizations have signed a 3-year collaboration agreement to develop joint initiatives that promote the generation and consumption of clean energy, decarbonisation and energy efficiency, among other initiatives.

The energy, initially coming from the Fortuna plant and later from one of the new photovoltaic projects that the company plans to develop in Panama, supplies renewable energy to the main building of the City of Knowledge.

The agreement has among its main points of action:

• Promote the development of projects related to the SDGs: Quality Education (SDG 4); Affordable and Clean Energy (SDG 7); Decent Work and Economic Growth (SDG 8); Sustainable Cities and Communities (SDG 11); and Climate Action (SDG 13). These projects will seek to create shared value in the country, focusing on the provinces of Panama, Coclé and Chiriquí.
• The establishment of an eco-route to study the ecosystems of the Gualaca altitude biological corridor, promoting both national and international volunteering.
• Promote the City of Knowledge as an international center of excellence to generate, disseminate and apply knowledge at the service of human development, taking advantage of the competitive advantages of the Republic of Panama.

The agreement was signed for 3 years, with the possibility of extending it, and will begin with a training program for small producers in the Gualaca area, where the Fortuna Hydroelectric Power Plant is located, which includes financial education, entrepreneurship and circular economy, among others.

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