The race for 100% solar
With utility scale solar installations accelerating, Philip Wolfe, founder of PV data consultancy Wiki-Solar, drills into the data to highlight some interesting variations in relative progress around the world.
Construction begins on El Salvador’s first state-owned solar park
El Salvador’s Lempa River Hydroelectric Executive Commission (CEL) has started building a 17 MW solar park. It is the first to be owned, designed, planned and executed by the national authorities. It is scheduled to start operations in December 2023.
Neoen energizes 140 MW solar park linked to 3.2 MW/2.2 MWh of storage in El Salvador
The facility is now selling power to local distributors AES, Delsur, EDESAL and B&D at an average price of $ 49.55 under a 20-year PPA.
Solar-plus-storage will start to make big inroads in the year ahead
By this time next year we may be able to wave goodbye to that old chestnut about renewables endangering security of supply. Elsewhere, the price of lithium – and the products it goes into – could go either way after tanking this year.
Neoen announces financial close for 140 MW (DC) PV plant in El Salvador
The power plant will be connected to a 3 MW/1.5 MWh lithium-ion battery system. Lenders are the Dutch Development Bank (FMO), the French Development Agency (Proparco) and the Inter-American Development Bank.
AES completes first phase of 100 MW solar park in El Salvador
The $160 million Bosforo project is being backed by the US Overseas Private Investment Corporation.
El Salvador launches auction for PV projects up to 2 MW in size
The central American nation will select 28 MW of renewable energy projects with PV schemes up to 2 MW and biogas up to 1 MW entitled to participate.
US government funds $253 million in international solar during 2017
The U.S. government’s Overseas Private Investment Corporation (OPIC) increased clean energy financing in 2017, despite the arrival of the Trump Administration and an ongoing investigation.
Finnfund provides $15 million financing for 100 MW El Salvador PV project
The Finnish development financier has granted a loan of $15 million dollars for the construction of 10 solar power plants in El Salvador. The projects are expected to be fully operational by 2019. Overall, they will have a capacity of 100 MW.
El Salvador to launch solar auction in December or January
In the auction, El Salvador’s energy regulator CNE will select large-scale solar and biogas power projects. Meanwhile, PV is bringing down power tariffs in the country.
