SolarReserve, a developer of utility-scale solar power projects and advanced thermal energy storage technology, recently signed a supply contract for its 20 MW Acajutla PV solar power project in El Salvador as part of a highly competitive tender solicitation by the local electric distribution companies. The tender, the country’s first for utility-scale solar power, was administered by Distribuidora de Electricidad del Sur, one of the seven electricity distribution companies in El Salvador, and was overseen by El Salvador’s Electricity and Telecommunications regulatory body Superintendencia General de Electricidad y Telecomunicaciones.
“Many Latin American countries, including El Salvador, have experience with renewable energy such as geothermal or hydroelectric,” says Kevin Smith, SolarReserve’s CEO. “As demand for electricity continues to grow, Latin America represents a great opportunity for solar power development. 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 Acajutla project is the first of several in SolarReserve’s pipeline of 800 MW of solar power projects in development in Latin America, which includes advanced solar thermal technology (CSP), PV technology and hybrid (combined CSP and PV) solutions.
Solar projects will generate clean energy as well as jobs in El Salvador.
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