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.
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.
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.
The Trinidad and Márquez project powered by Real Infrastructure will be completed within eight months.
Four PV projects were awarded in the second auction for renewable energy projects in the Central American nation.
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