Solar Energy: $50 Million Investment in Panama

AES Panama announced that during 2020 it will invest in the construction of four photovoltaic parks, which will have an installed capacity of 10 MW each.

Wednesday, February 19, 2020

The development of the parks that will be located in the provinces of Herrera, Los Santos and Chiriqui, will be in charge of Elecnor S.A., the company to which AES Panama awarded the construction contracts.

You may be interested in "$1.2 Billion in Energy Investments" reviews that "... With the start of these works, which will begin this year and intend to connect to the National Interconnected System this year, AES states that it will have several energy sources."

Official figures state that during 2019 the electricity supply in the country reached 11,135 million kwh, of which 289 million kwh were generated in solar parks.

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Tender for 20 MW Solar Plant Announced

November 2019

The Salvadoran government is preparing to begin the tender process in 2020 to build a new photovoltaic plant in Usulután, which will have a capacity of 20 MW and will require an investment of approximately $19 million.

The project of the new solar power plant is contemplated in the General Budget of the Nation of 2020, therefore, if approved by the Legislative Assembly, the Executive Hydroelectric Commission of the Lempa River (CEL) will initiate the public tender next year.

Renewable Energy: New 100 MW Solar Plant

May 2018

The plant that AES El Salvador has inaugurated in La Union, required a $160 million investment, and has 44 thousand polycrystalline-type photovoltaic modules, in an area of ​​149 sqm.

Pasaquina is the first of ten solar power generation plants that AES El Salvador and Corporación Multi Inversiones plan to build in the three phases of the project.  It is expected that the plants will start operations gradually over the next two years.

Plans to Build Solar Plant

November 2017

Capella Solar plans to begin the construction of a photovoltaic generation plant in Usulután, El Salvador, in the second quarter of 2018, with an estimated $150 million investment.

Capella Solar obtained two contracts to supply 100 MW of energy in the tender to supply 170 MW of renewable energy led by DELSUR and whose winners were announced on 11 January. To comply with these contracts, the plant, which will be built on a 465-acre lot in Usulután, must be ready to begin uploading power to the grid in April 2019. The estimated investment is $70 million. 

Panama: $12 million for Solar Plant

February 2015

The IIC has approved a loan of up to $11.9 million for the construction of a 10MW solar power plant in the province of Cocle.

From a statement issued by from the Inter-American Investment Corporation (IIC):

The Inter-American Investment Corporation (IIC) has approved a loan of up to $11.9 million to Divisa Solar 10MW SA, to finance the construction, development and implementation of a solar photovoltaic power plant with a nominal capacity of 9.9 MWp in Cocle Province, Panama.