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Panama solar development pipeline tops 500MW


News from Panama / Tuesday, July 9th, 2019
Post Views: 243

The percentage of total generation that solar power represents in Panama could break the single-digit mark in the coming years if plants under development materialize.

Information from public services regulator Asep shows that installed capacity from this non-conventional renewable energy totaled 176MW in May, or 5% of the country’s generation park.

At end-June, there were 14 definitive and 11 provisional solar licenses in place for 230MW and 261MW, respectively.

The largest definitive license is for Avanzalia Panamá’s 120MW Penonomé plant, which is under construction and scheduled to begin operations in 2020. The provisional licenses are led by Fotovoltaica Sajalices’ 100MW Camarones project.

The project pipeline has now passed 500MW with the granting of three provisional licenses for a combined 30MW by the watchdog.

The latest licensees are AES Panamá with the planned Caoba Solar and Cedro Solar parks, each for 9.97MWn (12.99MWp), and Pedregalito Solar Power with a 10MWn (12.5MWp) project. The three plants would be built in Chiriquí province.

AES and Pedregalito submitted the license requests in April and January, respectively, and now have 12 months to submit documents, such as approved EISs, to secure the definitive licenses.

The solar projects are part of AES Panamá’s diversification strategy, while this would be a first such project for Pedregalito, a subsidiary of Panamá Power Holdings.

 

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    July 9, 2019July 10, 2019 Adrian ProzzoBoca Chica Real Estate, Boquete, Boquete Real Estate, buenaventura, casco, casco antiguo, casco viejo, coffee in panama, estate homes in Panama, move to panama, offshore real estate, Panama Offshore real estate, Panama Papers, Panama Real Estate, Panama Real Estate Bocas del Toro, relocate to panama, Rum in Panama, travel to panama, [contact-form-7 id="16536" title="newsletter signup in post"]

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    Adrian Prozzo


    I work with Inside Panama Real Estate Corporation in Boquete. I firmly believe in building long-term relationships based on trust and transparency, ensuring that my clients receive personalized attention and guidance throughout the buying or selling process. My goal is to put clients in the right place, with the right people, at the right time. Together we can achieve your next real estate success.

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