Panama’s president Juan Carlos Varela Rodriguez, accompanied by former US president Bill Clinton, inaugurated on Friday the 40-MW solar complex IKAKOS in the city of David, Chiriqui province, president Varela’s website said.

The IKAKOS complex consists of four 10-MW solar plants, with a total of 138,960 panels, capable of generating 84.58 GWh annually and meeting the electricity demand of 22,000 local households.

Carrying an investment of more than USD 48 million (EUR 41.9m), the project was built by Spanish construction companies Gransolar and Cobra Instalaciones y Servicios for InterEnergy Holding (IEH).