As part of its rapid international expansion plans, the Spanish photovoltaic company has said it has received authorization for the construction and operation of the 50 MW plant, and that the Ecuadorian state will purchase the generated power under the conditions established in the countrys feed-in tariff.
Last April, Ecuador adopted a system of feed-in tariffs for the development of renewable energy. The tariff for photovoltaics has been set for 15 years, at a rate of USD$0.4003/kWh. No distinctions have been made between project sizes.
Isofotón has said that 500 people will be employed during the construction phase, and that the plant will produce enough electricity to supply 84,000 households. A spokesperson told pv magazine that the company will also supply the necessary photovoltaic modules and that it could take between three and six months to start construction work.
"This new Ecuadorian project is also linked to a Corporate Social Responsibility plan," said the company in a statement released. It continued, "Isofoton will improve the areas infrastructure and access to the photovoltaic plant as well as supplying clean energy to a health center and a school. Training and qualification agreements for employee training have also been reached with the Ministry of Industry and Productivity."
Overall, Isofotón has a photovoltaic pipeline worth 1.5 GW, including a 50 MW plant in the Dominican Republic. It is also planning to open a manufacturing facility in Ohio, the Dominican Republic and Saudi Arabia.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.