Yingli Solar will supply over 24 megawatts of solar PV modules for the Pavana Solar Park, which is the largest solar power plant to break ground in Honduras.
The project is owned by Energia Basica, a Honduran energy company. Sybac Solar, a solar integrator US firm will provide engineering, procurement and construction (EPC) services.
Located in the city of Choluteca, the Pavana Solar power plant will be connected to the country’s national utility grid. Yingli will deliver around 80,000 YGE 72 Cell Series modules beginning from October through November 2014.
The interconnection of the project is expected to take place during the first quarter of 2015. The facility is expected to generate nearly 40,000 MWh power, equivalent to the annual electricity consumption of about 61,000 citizens in Honduras.
Honduras has kept a target of meeting sixty percent of domestic electricity demand with renewable resources by 2020.
Yingli’s strategy in Latin America is to invest in sophisticated local operations and forge deep partnerships with the region’s market leaders, including ENERBASA and Sybac Solar. As the pace of solar PV project development and construction accelerates, the local presence has become a powerful differentiator, noted, Robert Petrina, MD, Yingli Green Energy Americas.
Due to a regulatory framework for renewable energy that includes net energy metering, a feed-in tariff, and tax incentives, Honduras is one of highest potential solar PV markets in Central America, commented, Jeffrey Barnett, VP, International Sales, Yingli Green Energy Americas.
This project proves how a quick development model is suited to the Honduran government’s strategic renewable energy initiatives. The group is eager to imitate this model throughout Latin America, pursuing opportunities to develop projects using a broad range of renewable energy technologies, noted, Armando Ayes, GM, ENERBASA.
By utilizing the Latin America’s vast solar potential, projects like this are helping the nation create local jobs, reduce dependence on fossil fuels, and serve as a model for other Central American countries seeking to expand renewable energy generation, explained, Liansheng Miao, chairman, CEO, Yingli Green Energy.