US Real Infrastructure switches on 44-MW solar portfolio in El Salvador
Solar panels by iamme ubeyou.
US Real Infrastructure Capital Partners inaugurated on Thursday three photovoltaic (PV) parks in El Salvador with a combined direct current (DC) capacity of 43.62 MW, the local government announced.
These PV facilities are located in the town of Acajutla, Sonsonate department. The largest of the parks is the 25.62-MW Los Remedios, which took up an investment of USD 43.26 million (EUR 38.27m).
The remaining 18 MW comes from the combined output of the La Trinidad and Marquez farms. Together with the parks already operating in San Juan Opico, Tecoluca and San Luis Talpa, they increase the installed capacity of the region to 29 MW, representing a total investment of USD 61 million.
Combined, the three new solar plants generate enough power to replace the equivalent of 118,500 MWh of thermal energy per year and offset 29,000 tonnes of carbon dioxide (CO2) emissions per year. This contributes to the reduction of the wholesale electricity market price and improves the country's trade balance, the government stated.
The three facilities have entered into a tripartite agreement with the Municipal Government of Acajutla and the Social Investment Fund for Local Development (FISDL) in which they commit to donate 3% of their income to finance local initiatives.
In addition to these parks, Real Infrastructure Capital Partners nears the start of construction of the 13-MW Sonsonate Solar project.