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

May 23, 2022
More than 1.5GW of solar PV projects have been successful in Ireland’s second Renewable Electricity Support Scheme (RESS) auction.
April 25, 2022
Independent onshore renewables firm Ventient Energy has completed the acquisition of 240MW of solar PV as part of a broader renewables portfolio.
April 6, 2022
Portugal’s first floating solar auction closed with a world record-low price, with utilities EDP and Endesa among the winning bidders, the country’s environment ministry has announced.
April 4, 2022
Portugal will aim to increase the share of renewables in electricity production to 80% by 2026, four years earlier than previously planned, its new government announced ahead of the country’s latest solar auction.
March 29, 2022
Favorable weather conditions in Germany contributed to renewables accounting for more than half of power generation in January and February this year.
March 22, 2022
Steel manufacturer ArcelorMittal has partnered with Indian renewable company Greenko Group to develop a 975MW 'round the clock' wind and solar project in India.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 7, 2022
Leonardo Royal London City, London, UK
Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
June 22, 2022
Sheraton Austin Hotel at the Capitol, Austin, Texas