Selected projects will secure five-year power purchase agreements and will have to begin commercial operation on January 1.
The PV Cycle Association collects and recycles PV waste. Having treated more than 30,000 tons since its creation, it estimates 150,000 tons of PV modules will reach the end of their lifecycle by 2030.
The Estrella Solar project will be completed in June 2018 and will be realized thanks to an investment of US$8 million.
Income from solar power generation would be used to provide additional funds for two social security programs endangered by the Fund’s precarious financial situation.
The Sol Real project is the largest PV plant built in the Central American country to date.
With seven large-scale PV projects connected to the grid last year, Panama has reached a cumulative PV capacity of 89 MW.
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