El Salvador awards 170MW in solar and wind contracts

Facebook
Twitter
LinkedIn
Reddit
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.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

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

July 12, 2024
China is building two-thirds of new solar and wind projects globally as it is building 180GW of utility-scale of solar generation capacity.
May 16, 2024
US independent power producer (IPP) Enfinity Global has secured US$135 million in financing for a 1.2GW solar and wind portfolio in India.
February 22, 2024
Turkey's installed solar capacity has surpassed wind thanks to the addition of hybrid projects, adding 510MW of capacity to the solar sector.
February 20, 2024
Colombia has awarded 4.4GW of solar PV capacity, which accounted for 99% of all renewable generation capacity offered in its latest auction.
Premium
February 15, 2024
Governments across Central America are starting to issue renewable energy tenders with a focus on solar power.
February 13, 2024
Italy's energy management agency GSE has awarded 1,041MW of renewables projects in the 13th auction for renewable energy.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA
Solar Media Events
October 15, 2024
Santiago, Chile