El Salvador awards 170MW in solar and wind contracts

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Flickr: Nicolas Raymond

El Salvador has announced the successful companies in a 170MW solar and wind tender.

Four solar projects totalling 120MW of solar will receive between US$49.55/MWh to US$67.24/MWh and one 50MW wind project will get US$98.78/MWh.

The ceiling prices had been US$105.30 for solar and US$98.78 for wind. The 20-year contracts will start in 2019.

The projects will represent investments of approximately US$340 million and the winning companies will be required to invest 3% of their annual income from the installations into community projects where they are sited.

The winning companies in the bid were Tracia Network Corporation, Capella Solar, Sonsonate Energy and Asocio Ecosolar.

The results of the tender will now be sent to SIGET, the department responsible for electricity and telecoms, for approval and will be signed no later than 27 March this year.

El Salvador is targeting a 13.4% share of renewables in its energy mix by 2019.

Read Next

February 24, 2021
France’s ninth auction for ground-based solar PV has seen 452MWp awarded, with average prices up 4.7%.
January 5, 2021
An auction for solar-plus-storage in Israel has awarded contracts for 609MW of solar PV alongside 2.4GWh of energy storage.
December 22, 2020
Solar developers secured all the offered capacity in a recent auction in Poland designed for small-scale renewable projects, with more than 700MW of PV expected to be developed in the country.
December 21, 2020
Indian utility Gujarat Urja Vikas Nigam Limited has auctioned 500MW of PV capacity, with winning bids setting a record for the lowest solar tariff seen in India.
December 14, 2020
Russia-based high-efficiency heterojunction solar module producer Hevel Group has announced it won 40MW of PV projects in a recent renewables auction in Kazakhstan.
December 14, 2020
The first of Spain’s new clean energy auctions is set to take place next month, with the country’s government allocating a total of 3GW of renewables capacity.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
March 9, 2021
Solar Media Events
March 17, 2021
Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Solar Media Events
June 15, 2021