Archila revealed that the project was already awarded to Spains Grupo Ortiz by the National Electrical Energy Commission (CNEE) in 2012. Overall, the Madrid-based construction and energy firm is expected to invest an initial US$140 million in the project, according to a government press release.
Although it is still in the preparation stage, and the exact location has not been announced, the plant is likely to be built in Guatemalas eastern Zacapa region. Meanwhile, construction is expected to start within two months, with completion envisioned for August 2014.
Last year, CNEE awarded 421 MW worth of PPAs under the PEG 2-2012 auction, including 50 MW of photovoltaic capacity to Spains Rainbow Energy Corp., which belongs to Grupo Ortiz, and 5 MW to Sibo Solar, also based in Spain.
Sales of electricity generated from the new power plants to the national grid are due to start on May 1, 2015, and will last for 15 years.
Edited by Becky Beetz.
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: firstname.lastname@example.org.
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.