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.
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.
AES El Salvador and Corporación Multi Inversiones (CMI) plan to build 100 MW of PV capacity in three phases at 10 sites in El Salvador.
The price of electricity for the upcoming quarter will be reduced by 3.09% thanks to more production from hydro and the connection to the grid of 60 MW of solar.
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.
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