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.
The project consists of a 76 MW unit selected in an energy auction, and a 25 MW section selling power to a local power distributor.
Four PV projects totaling 119.9 MW were awarded in the second auction for renewable energy projects held in the Central American nation in January.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.