The booming Honduras PV market continues to deliver sizeable bookings for manufacturers. Sybac Solar is teaming with Yingli for a second time in the country, in a 40 MW deal to supply two PV utility scale projects. Yingli has previously supplied Sybac with modules for its 24 MW Pavana Solar Park, in Honduras.
Yingli is quite active in the country and the region, and is in the process of delivering 25 MW for the 50 MW Pacific Solar project, being developed by Guatemalas EM-Power Corporacion. The Chinese producer is also currently supplying 15 MW to the La Manzanilla y Las Lajas project, being developed by Energys de Honduras.
"By developing strong relationships with Central America’s top solar integrators, including Sybac Solar, Yingli has become a dominant supplier of large-scale projects in the region," said Jeffrey Barnett, vice president of international sales of Yingli Green Energy Americas. "We credit our unique partnership approach and dedicated local team for our rapid rate of expansion throughout Central and South America."
Yingli Chairman and CEO Liansheng Miao added that the company has differentiated itself in the region by developing highly sophisticated regional operations for key emerging markets.
This strategy is bearing fruit in Central America, particularly as markets mature, solar-friendly policies are legislated, and larger projects become the norm, said Miao.
Last month, GTM Research announced that Honduras will install around 460 MW of PV in 2015, making it the second largest Latin American market behind Chile. While this growth is presenting opportunities, it is not expected to last as subsidies are wound back at the end of the year.
The July print edition of pv magazine features a special report on the Honduras market by pv magazines Latin American editor Blanca Diaz Lopez.