Solarpack has closed financing for a 300 MW solar project in Peru, marking the country’s first solar farm to sell power through a bilateral power purchase agreement (PPA).
PV developers have launched, resumed and completed several large-scale solar projects in Latin America in recent weeks, including two Enel installations in Chile and Colombia.
Through two different auctions, the Peruvian government expects to mobilize investments of around $2 billion.
The French energy giant will build the facility near Iquitos, the largest metropolis in the Peruvian Amazon.
Albanian utility KESH has secured funding for its 12.9 MW floating solar plant and, in Spain, the Port of Malaga is planning a 2.1 MW floating facility. Construction began on two unsubsidized solar plants in Germany and Portugal. Enel and Sterling & Wilson will build two large solar plants in Peru and the US, respectively.
The Spanish developer has acquired the Tacna Solar and Panamericana Solar projects which it developed and built for X-Elio in 2012.
The Peruvian Government has submitted to public consultation the draft of Supreme Decree for the regulation of distributed generation (DG), which is the secondary legislation necessary to implement the DG law first promulgated in 2015. Talking to pv magazine, the president of the Society of Peruvian Renewable Energy explains how the new rules will not only introduce a net-billing scheme for installations up to 200 kW, but also a scheme for projects up to 10 MW, which is very similar to the so-called Pequeños Distributed Generation Media (PMGD) program in Chile.
The project was awarded in a power auction held by the Peruvian government in 2016
The U.K. government and the Lima Stock Exchange have published a guide, which provides the basic principles that must be met in order to issue green bonds.
In an interview with pv magazine, the president of the Peruvian Society of Renewable Energies, Juan Coronado, discusses the auction for solar and renewables, which the government is obliged to hold this year, and the different options large-solar has to resume its development in the Andean country. According to him, when the obstacles that are currently impeding private PPAs are eliminated, utility-scale PV projects could be conceived outside of the auction mechanism.
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