The government of Ecuador has allocated 500 MW of renewable energy capacity in its latest procurement exercise. The selected developers secured 25-year power purchase agreements (PPAs).
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.
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 final results of the exercise, which attracted 22 participants, will be known on April 15. A 200 MW solar project will be assigned in the auction, with the winning bidder for that facility securing a 20-year power purchase agreement.
Through the procurement exercise, the Ecuadorian government will select wind, solar and mini hydropower projects. Selected developers will be granted a 25-year PPA, while the sole off-taker of the generated energy will be state-owned utility Corporacion Electrica de Ecuador, S.A. (CELEC).
The new rules will enable the microgeneration from solar power generators up to 300 kW for residential users, and 500 kW for industrial users.
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