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Neoen signs bargain solar deals in El Salvador

Monday, April 3, 2017


French renewables developer Neoen has signed a power purchase agreement for 136 megavatios of utility-scale solar power in El Salvador.

One of the country’s largest utilities Delsur previously launched the tender for 25 solar and four wind projects, of which Neoen won two solar projects standing at 68 megavatios each, according to a Neoen release.

The 20-year PPAs were signed with local distribution companies Delsur, AES, EDESAL and B&D with tariffs of $0.04955/kWh and $0.04956/kWh – the lowest for solar in Central America to date.

Source: pv-tech