The west coast of Central America, from Guatemala to Costa Rica, has an average of six hours of sunshine each day, favorable conditions for solar power generation.
El Salvador this month awarded four solar projects with a combined capacity of 120 MW.
Capella Solar will charge $50 per megawatt hour from the energy produced two solar projects, each with a capacity of 50 MW.
Each of Sonsonate Energía and Asocio Ecosolar won a project with a 10-megawatt capacity, with the right fo charge $67 and $55 dollar, respectively, according to El Salvador’s National Energy Council .
The four projects represent an investment of around $340 million, according to Pv-magazine, which has more.
Honduras’ Pepsi bottler meanwhile last year inaugurated a rooftop solar power plant, with a capacity of 3 megawatts.
The project involves local company Smartsolar (Spanish only), which installs photovoltaic panels, and German-based SMA Solar Technology, which manages the electrical system.
Smartsolar develops photovoltaic projects for commercial and industrial users in Central America, Mexico and the Caribbean.
SMA, whose shares trade on the Frankfurt Exchange, and which has operations in 20 countries, in 2014 had sales of just over E800 million, according to the company’s annual report.