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.