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.
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.
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.
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.
The $160 million Bosforo project is being backed by the US Overseas Private Investment Corporation.
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.
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.
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.
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.
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