U.S. group Upower, Inc. (UPI) is expanding operations in Central America after two subsidiaries secured power purchase agreements in Honduras for PV installations with a total capacity of 100 MW.
Produccion de Energia Solar y Demas Renovables, S.A., (PRODERSSA) and Pacific Solar Energy, Inc. (PSE), both divisions of the Florida-based UPI, have each signed 20-year power purchase agreements with Empresa Nacional de Energia Electrica (ENEE), the national energy company of Honduras, to build and operate two PV projects totaling 100 MW.
UPI President Enrico Marotta said the "two 50 megawatt PPAs, which are the first to be completed by UPI, serve as a tremendous start for us and serve to further our mission statement: To generate electricity by building or acquiring power plants globally, striving to maximize performance and returns for our shareholders, while remaining environmentally conscious. We look forward to working with WTEC and the Honduran government to make these projects a reality."
Enrique Pallares, UPI's chief of business development, described the combined installations as "one of the largest solar powered power plant facilities in Latin America," adding that the project would contribute "to Honduras' employment and continued economic growth through the use of clean energy."
Wind Turbine and Energy Cables Corp. (WTEC) is set to build the two projects, each with a capacity of 50 MW on a 420-acre (170-hectare) parcel that UPI has leased on a long-term basis in Nacaome, Honduras. WTEC's subsidiaries include the engineering division Renewable Energy Resources Corp. and construction arm Alternative Energy Development Corp.
WTECs renewable energy portfolio includes more than 12 GW of wind and 3 GW of solar power worldwide.
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: email@example.com.
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.