Ecuador’s Ministry of Electricity and Renewable Energy will issue an international tender to contract a PV engineering company to take on a hybrid system project on Isabela island, Galapagos Archipelago.
Specifically, the Ministry of Electricity and Renewable Energy is looking for EPC companies with international experience as well as experience in PV power plants. They will be accepting applications from potential bidders until August 30.
The project, which is backed financially by Germany-based KfW Bankengruppe, comprises a 1.1MW PV system, a 1.2MW thermal power plant and a 1MW energy storage system. It will supply 100% renewable energy to Isabela island, the largest among the Galapagos islands.
South America has been identified as an important emerging market for the solar industry. But with one of the more developed feed-in-tariffs in the region, Ecuador may become a hot spot for solar investment in the coming years. In recent months, it has already seen an increase in development in the solar sector. In April, Solaria Energía y Medio Ambiente announced that it would develop a 25MW PV project.