May 29, 2014 - Guatemala's government opened on Wednesday a 5-MW photovoltaic facility built in Estanzuela municipality by local solar energy firm Greenergyze (Green), Panama-based Grupo Ecos, Spanish Gransolar and Guatemalan investor IDC.
The companies invested USD 14 million (EUR 10.3m) in the park, named Sibo, which consists of 20,320 solar panels, according to a press release of the government.
The plant will sell its output under a 16-year power purchase agreement with power distributor Energuate.
The project is part of a solar energy programme that could save 750,000 gallons (2.8m litres) of fuel oil. Other energy options studied by the government are wind power and a gas pipeline with Mexico.
Diana Hristova is our expert for Latin America. She has spent several years following the diverse industries in the region, the energy sector most of all. Now Diana is exploring Latin America’s huge wind, solar, geothermal and hydropower potential.