SkyPower unveils USD-1bn solar investment plan for Panama

Solar power station. Featured Image: worradirek/Shutterstock.com

October 6 (SeeNews) - After announcing significant solar investments in several African and Asian nations over the past weeks, on Tuesday SkyPower Global said it plans to build a 500-MW solar plant in Panama for a total cost of USD 1 billion (EUR 888m).

The Canada-based company intends to realise the project over the next five years. The plan includes establishing a solar and environmental research centre in Panama for a total investment of about USD 50 million in partnership with several universities and research institutions.

The billion-dollar investment in Panama will create more than 10,000 job positions in the country and also allow for the export of locally-made solar panels, commented SkyPower chief commercial officer Charles Cohen.

The company did not give more details about the project.

SkyPower is a solar photovoltaic (PV) developer whose team has built, assembled and acquired a pipeline of more than 25 GW globally, including 9 GW to be deployed in Egypt, Nigeria, Kenya, Djibouti and India over the next five years.

(USD 1.0 = EUR 0.887)

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