Central American solar attracts European financier

By
Tuesday, December 9, 2014

European funds may finance a photovoltaic (PV) power plant and associated infrastructure in Central America.

The Central American Bank for Economic Integration (Cabei) approached the European Investment Bank (EIB) for an 80.8MWp PV complex in Choluteca, Honduras, according to the EIB.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login

EIB would provide 36mn euros (US$44mn) for the 167mn-euro project under the Central America climate change framework loan II.

Although additional details were not provided, BNamericas reported previously that SunEdison plans to build an 80.8MWp PV plant in Choluteca.

Solar developer Energía Básica (Enerbasa) in February is expected to begin generation, local paper La Prensa quoted Gerardo Salgado, state power company Enee planning manager, as saying.

Grupo Lufussa-controlled Enerbasa's 25MW Pavana Solar complex would be the country's first grid-connected plant from this energy source.

According to the paper, the project is one of seven under construction in Choluteca and Valle for a combined 250MW, all due online in 2015. Salgado said Enee approved over 20 solar projects this year for a total 619MW.

Other developers are Gestamp Solar, Solo Sol, Soluciones Energéticas, Solares del Sur, Energía Solares, Fotovoltaica Los Prados, Fotovoltaica Sureña, Generaciones Energéticas, Los Ángeles Fotovoltaica, Renovables del Sur, Técnicas Fotovoltaicas, Iluminando El Sur, Fotovoltaica Nueva Concepción and Iluminando El Norte, said La Prensa.

Last month, IDB approved financing for a PV self-supply project in the country.

Honduras' installed capacity in September totaled 979MW thermo, 614MW hydro, 124MW biomass and 102MW wind.