The lowest bid for PV in Ecuador’s latest procurement exercise was $0.0498/kWh. The selected developers secured 25-year power purchase agreements.
The procurement exercise will be open to hydroelectric, wind, solar and biomass projects.
Ecuador plans to launch a 500 MW procurement exercise in November.
The solar-plus-storage facility will be built by Ecuadorian developer Gransolar and French renewable energy company Total Eren on Santa Cruz Island in the Galapagos National Park.
Ecuador’s latest procurement exercise will be open to solar, wind, hydropower and biomass projects.
Solarpack was the winner of Ecuador’s latest tender, launched in July 2019, for the 200 MW El Aromo solar project. The facility will sell electricity to state-owned Corporación Eléctrica del Ecuador SA under a 20-year power purchase agreement.
The government is seeking proposals for 200 MW of renewable energy capacity including two 30 MW solar parks to be constructed in either Santa Elena or Guaya provinces.
The Conolophus project is designed to lower diesel consumption on Santa Cruz Island in Galapagos National Park, as well as the adjacent island of Baltra.
The Conolophus project, to be built on Santa Cruz Island in Galapagos National Park, will reduce regional diesel consumption.
A project on Isabela Island in Ecuador’s Galapagos archipelago has given its 3,500 inhabitants energy generated by local resources, including plant oil produced on the continent. Preferable to a logistically challenging and hyper expensive extension of the mainland grid, if the $13 million island system were installed today, it would be cheaper than when it was contracted four years ago.
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