New Zealand-based energy investment firm World Energy Research (WER) has enabled a partnership with German company Wasserkraft Volk and Guatemalan firm Energía Total to develop hydro projects in Guatemala, WER said in a statement.
Wasserkraft Volk has been commissioned to build three hydro plants in Guatemala. Energía Total will purchase 100% of the power generated by the three units, according to the statement.
WER is in charge of funding and managing the project.
After this phase is complete, WER has plans for 10 more hydro plants in Guatemala, according to the statement. It's also exploring Guatemala's solar, wind, biomass and geothermal energy potential.