Soventix in talks to deploy 100MW solar project in Nicaragua

Nicaragua's progress with solar comes after the World Bank dubbed the country a

Soventix has been singled out by the Nicaraguan government as the potential developer of a major solar project, the latest in a series of PV moves by the Central American state.

In a statement this week, Energy minister Salvador Mansell Castrillo described meetings to hammer out a memorandum of understanding (MoU) with Soventix for a 100MW solar project.

The scheme, planned in Nicaragua’s west, will use an existing substation – Malpaisillo – that was originally meant to service geothermal and hydro developments, Mansell Castrillo said.

“Now that the conditions are improving for solar PV, we’re already prepared to welcome that energy into the system,” the minister added.

As Mansell Castrillo noted, the utility-scale solar project is just the latest of a recent series in Nicaragua, a country branded a “paradise” for renewables by the World Bank.

According to the minister, the separate 100MW San Benito project contracted to Spanish investor EPR Solar is clearing various administrative stages, with plans to build a first 50MW batch.

The 170,000-panel complex, planned a 45-minute ride northeast from capital Managua, will be linked to a substation that is to be expanded to accommodate the PV capacity.

The utility-scale duo will, if delivered with the currently planned size, significantly outsize Nicaragua’s existing PV plants including 2.5MW Corn Island and 12MW Puerto Sandino.

The government is also working to bolster the small-scale, domestic solar segment servicing Nicaragua’s remote coastal and island regions.

As an example, minister Mansell Castrillo noted plans to install 74.25kW of PV alongside a diesel generator on the Rama Cay island, to power 138 households from the fishing community.

4 October 2022
Solar & Storage Finance USA, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2022.
11 October 2022
PV CellTech Extra will be held as a series of live webinars and on-demand sessions on 11-13 October 2022. We'll be taking a slightly further forward-looking view at the technologies and roadmaps for new cell architectures set to dominate mass production during 2023-2025 with special emphasis on the potential timelines for technologies beyond the single-junction cell design, including perovskite and hybrid concepts.

Read Next

September 30, 2022
US renewable energy major Brookfield Renewable has agreed to spend up to US$2 billion in order to acquire both Scout Clean Energy and Standard Solar.
September 30, 2022
Canadian natural gas pipeline giant Enbridge has bought US renewables developer Tri Global Energy (TGE) for US$270 million in cash and assumed debt.
September 28, 2022
Rajasthan’s electricity regulator has proposed new rules that would make solar installations in the state which supply power to other states provide 10% of their generation to Rajasthan’s state distribution company (Discom) free of charge.
September 28, 2022
The ENACT Installer App automates the complete journey of the customer, right from first contact to complete installation.
PV Tech Premium
September 26, 2022
The way that solar companies use and consume intelligence needs to change, with more accurate and reliable data on project deployment needed, especially in light of the recently passed Inflation Reduction Act (IRA).
September 22, 2022
Wood Mackenzie has repeated warnings that module supply shortages are set to persist until the end of 2023.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 4, 2022
New York, USA
On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)