Honduras has brought another 61.48MWp of large-scale solar generation capacity online.
Spanish engineering and construction firm Isolux Corsan has completed Aura II PV Solar Plant, in the country, one of the four most promising national PV markets in Latin America for 2015 according to GTM Research. The company says it built the project in just seven months.
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It was delivered for a budget close to US$100 million and Isolux Corsan claims it will generate around 109 million kWh of electricity annually, offsetting the emission of around 40,000 tonnes of carbon dioxide.
The project was supported by private investors based both in Honduras and in Mexico, German development agency DEG, World Bank Group member International Finance Corporation and a Mexico-based bank, Bancomext. It was developed by Mexican firm Gauss.
Honduran government-owned power company ENEE will purchase the electricity via a local substation, through a 20-year power purchase agreement (PPA)-type structure.
At the beginning of the year, GTM Research said in its quarterly Latin American PV Playbook that Honduras would be among the biggest markets for PV in the region, an assessment reinforced when the research firm published its Q2 edition at the beginning of this month. According to that report, Honduras installed 307MW of PV in that quarter.