$160 million Investment in Solar Energy

AES El Salvador and Corporación Multi Inversiones have announced an investment plan that includes the construction of ten solar plants with capacity to generate 10 MW each in different areas around the country.

Friday, September 29, 2017

The solar power generation project will be operated by AES El Salvador, and is expected to be developed in three phases, according to the two companies involved in the initiative. 

See also "Central America: $1.6 Billion in Energy Projects"

Elmundo.sv said that in the first phase, "... $47 million will be invested and includes the construction of three solar plants located in the municipality of Pasaquina, La Unión and El Carmen, in the La Union department. These units will start operations in March, May and July 2018, respectively. AES El Salvador detailed that the first phase of the project will have a capacity of 10 MW per plant.  The second stage will be developed in the western zone with a generation of 40 mw, while the third stage will be in the central area with 30 MW. "

For Juan Carlos Méndez, president of CMI Energía, "... 'the Bosporo project is the first major investment in energy in El Salvador. A modality of small scale plants distributed in different locations around the country that will allow promotion of the dynamism towards new world tendencies in the energy sector'."

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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. "

Chinese Investment in Solar Energy in Costa Rica

August 2012

Two state run Chinese companies and one Costa Rican company have signed a letter of intent to install a solar power plant of 4 MW, in Carrillo, Guanacaste Province.

The Chinese companies, Guoxin Group, a producer of photovoltaic panels and the company Nari Group Corporation, dedicated to power management, have formed a partnership with a Costa Rican group formed by Azucarera El Viejo and the company Greenersys, an equipment supplier. The estimated investment in the project is $10 million.

Solar Power Plant in Panama

June 2012

The state-owned Electricity Generating Company will set up 11,800 solar panels in the Sarigua National Park with which it plans to generate 2.4 megawatts.

With these 11,800 solar panels they plan to generate 30% of the energy consumed by the district Parita.

The photovoltaic power plant will make 2.4 megawatts of power in the first phase and in the second phase capacity will be doubled (4.8 MW), reported the state-run Electricity Generating Company (Egesa).

Solar Power Plant in Nicaragua

February 2011

Speed Tech, which specializes in manufacturing of solar panels and solar based products, is discussing the installation of a power plant in the country.

Taiwan's ambassador in Nicaragua, without commenting on the amount of investment, said that there are advanced negotiations between representatives of the company, the investment promotion agency (ProNicaragua) and the Foreign Ministry.

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