Product manufacturer Isofoton has signed a US$100 million agreement with the National Electricity Council of Ecuador, CONELEC, to construct a 50MW PV plant in the country.

The solar facility will be in the parish of Calderón, 10 km from Quito, employing 500 people. The plant will have a nominal power rating of 49.6 MW and a peak rating of 54.065 MWp, making it one of the largest in Latin America both in terms of size and production capacity.

The company said the plant will generate 84.093MW/hour of clean energy, equivalent to the consumption of 84,000 households, reducing CO2 emissions by 49,000 metric tons/year. The agreement authorises the plant’s construction and operation and guarantees that the State will buy power according to conditions established by its feed-in tariff.

The agreement was signed in the presence of Ángel Luis Serrano, CEO of Isofoton, representatives of Desarrollos Fotovoltaicos de Ecuador, the Isofoton subsidiary in the country and Francisco Vergara, executive manager of CONELEC.

According to Serrano, “This plant in Ecuador reaffirms Isofoton strategy to develop photovoltaic products in emerging markets, which are developing the demand that will lead the photovoltaic market in the next ten years”.