El Salvador: $5 million for Solar Energy

Indufoam has announced it will invest $5 million to generate 4 MW solar panels to supply its industrial plant and sell the surplus.

Wednesday, October 21, 2015

Through the company Indufoam Energy Supply, the first stage of the project will be carried out, in which $2.5 million will be invested and which consist of the installation of panels with a capacity of 2.5 MW. The second phase, according to the company, will be carried out next year and will include installing another 2 MW to reach 4 MW.

According to René Toruno, president of Indufoam, the company only needs for its operations one Mega Watt of energy and any surplus will be sold through the company Indufoam Energy Supply. "We are going to generate our own energy and the rest is going to be sold to distributors, we hope to negotiate an identical price both for sales and purchase," said René Toruno, also president of Energy Supply. "

"... The initiative will receive the benefits of the Fiscal Incentives Act for the Development of Renewable Energy. "

More on this topic

El Salvador Plans to Invest $45 million in Solar Energy

October 2015

AES has started to operate a 2.5 MW photovoltaic power plant in Moncagua, San Miguel, and announced plans to build three plants of 10 MW each in 2016.

The company's president, Abraham Bichara, told Elmundo.sv that "... there will be three modules of 10 MW each in which we are investing at least $45 million, at $1.5 million per megawatt, and we have already identified the land. "

Panama: Billions in Solar Energy?

October 2015

The company SkyPower has said it will invest in Panama $1 billion over 5 years in the construction of power plants and a solar energy research center.

After meetings with President Varela in the US, one of the largest solar companies in the world issued a press release announcing the construction of wind farms that will generate up to 500 MW, with an investment of one billion dollars.

El Salvador: $35 million in Solar Energy Announced

October 2013

Having already signed a contract to supply power to an electricity distributor, an announcement has been made of the construction of a 10MW photovoltaic generator.  

Elsalvador.com reports that "U.S. firms Perfect Energy and Solar Horizon, along with a Salvadoran investor have joined their capital and announced the creation of the company SolEnergy Farms, which plans to begin construction of a photovoltaic plant in January 2014, according Marwan Zakhem said its president. Consequently, the company has already signed a contract with the distributor DelSur to sell the first 10 megawatts (MW) of generation of this plant, which is to be located in the municipality of Tecoluco , department of San Vicente."

Tender for Solar Plant in El Salvador

February 2013

The project for 14.2 MW / h of energy will be funded by the German Development Bank.

The project, the largest of its kind in Central America, will be located on the left bank of the hydroelectric plant known as 15 de Septiembre.

The manager of Investments and Renewable Energy at the autonomous Executive Hydroelectric Commission of the

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