First utility-scale solar power contracts signed in El Salvador

Facebook
Twitter
LinkedIn
Reddit
Email

Large-scale solar developer, SolarReserve, has signed a supply contract to sell power from a 20MW plant it is building in El Salvador.

El Salvador energy distributor, Distribuidora de Electricidad  del Sur (DELSUR), will buy the power from SolarReserve’s 20MW ‘Acajutla’ solar power project – the first large-scale solar power project in the Central American country.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

SolarReserve has a pipeline of 800MW of Latin American solar projects, including hybrid and concentrated solar power (CSP) projects.

Latin America “represents a great opportunity for solar power development”, said Kevin Smith, SolarReserve's CEO. “With the region's excellent solar resource and escalating and uncertain prices of fossil fuels, solar power makes more than just environmental sense – it makes economic sense.”

The Acajulta 20-year power purchase agreement is to begin in 2016, and is one of four solar power projects totalling 94MW selected by El Salvador distribution companies as part of a renewables auction held in June.

The auction was managed by electricity regulatory body Superintendencia General de Electricidad y Telecomunicaciones (SIGET).

The competitive auction had 30 solar projects and two wind developments submitted, with a price cap of US$165.53 per kWh set for solar, and of US$123.41 per kWh for wind.

French developer, Unión de Personas (UDP) Neoen-Almaval won a tender for a 60MW solar power project, bidding US$101.90 per kWh, and UDP Proyecto La Trinidad won tenders for an 8MW solar development and a 6MW development, at US$123.41 per kWh, according to local news reports.

Local news also reports a further 100MW renewables-only auction is to be held in El Salvador. The auction is to be held by SIGET and the National Energy Board (CEN), although a date for the auction has not yet been specified.

Read Next

Premium
August 14, 2026
PV Talk: 'There’s a lot of good news here,' Hasan Nazar, head of policy at Crux, tells PV Tech Premium of the US solar policy landscape.
August 14, 2026
IPP Recurrent Energy has secured US$695 million in financing to support a 330MW solar PV project in California.
August 14, 2026
Mainstream Renewable Power’s 50MW C&I Ilikwa PV Facility in South Africa’s Free State province has reached commercial operation.
August 14, 2026
German solar inverter producer SMA Solar increased its sales and earnings in the first half of 2026 (H1), returning to profit compared with the same period last year.
August 14, 2026
T1 Energy reported US$250.1 million in Q2 2026 sales as construction of its 2.1GW G2_Austin solar cell factory progressed.
August 14, 2026
Foreign Entity of Concern rules create a multitude of new risks for US solar developers, some less visible than others. Intertek CEA’s Jordan Wilson explores the key steps towards minimising FEOC exposure in PV module purchase agreements.

Upcoming Events

Solar Media Events
October 13, 2026
San Francisco Bay Area, USA
Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland
Solar Media Events
February 2, 2027
London, UK
Solar Media Events
April 20, 2027
Istanbul, Türkiye