Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDecember 22 (SeeNews) - Japan’s Mitsubishi Electric Corp (TYO:6503) said Monday it has started work on a 480-kW photovoltaic (PV) project in the Costa Rican coastal town of Playa Herradura.
Mitsubishi Electric US Inc will equip 48 units and villas at luxury coastal residential complex Punta Bocana with 10-kW solar systems resistant to corrosion. They are estimated to be able to generate 919.8 MWh in the first year of operation.
Completion is planned for early 2018.
The arrays are expected to meet almost 100% of the sites' consumption throughout the day and to provide credit when the country’s net metering programme starts in April 2017. The solar systems will offset about 977 tonnes of carbon dioxide (CO2) emissions annually.
Punta Bocana project manager Thomas Walker said electricity rates in Costa Rica range between USD 0.32 (EUR 0.31) and USD 0.40 per kWh. “A typical 2,500-square-foot [232.3 sq m] home can see monthly bills from USD 800 to USD 1,500 per month depending on their usage. However, with a 10-kW solar array with net metering, the homeowners could earn credit, making the unit a net zero energy home,” he said.
(USD 1.0 = EUR 0.961)
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST