Isofotón, a Spanish PV project developer, has signed an agreement with the government of Honduras to develop a utility-scale PV project with an initial capacity of 150MW.
The agreement was signed on 26 February by Diego Serrano, Vice President of Isofotón, and the Minister for Energy and General Manager of the Empresa Nacional de la Energía Eléctrica (ENEE), Emil Hawit.
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Isofotón will begin developing the utility-scale project — which it claims will be one of the largest PV plant in Central America — at the end of 2013. When operational, the facility will generate around 240,000MWh of electricity ever year which is said to be enough to provide power to 140,000 Honduran families.
Ángel Luis Serrano, President of Isofotón, stated: “We are proud to be the first to form part of a project for which we have proven experience and that reinforces our international position. We are pioneers in the development of a project of these characteristics in the Central American area, in a country that is strongly committed to renewables such as the Republic of Honduras”.
According to Isofotón, Honduras will be the highest contributor of Emission Reduction Certificates (CERs) in Central America and is focused on reinforcing and moderinising the infrastructure of its interconnected power system in order to achieve greater energy efficiency.
Isofotón has been pushing its international expansion plans and is particularly keen to grow its presence in Latin America where it recently signed an agreement to develop a 50MW PV facility in Ecuador. In Central America, the company has already agreed to build a 50MW PV plant in Dominican Republic as well as a 150MW project in Yucatán, Mexico. Currently, the company has a 1,500MW solar project pipeline over the next few years.