Guatemala's first utility-scale solar plant complete

May 30, 2014 - Lucy Woods - PV-tech.org

The first utility-scale solar power plant in Guatemala, and reportedly the largest in Central America, is now online.

The 5MW 'Sibo' power plant is located in Estanzuela, Zapaca, eastern Guatemala, and is a joint venture between Guatemala developer, Greenergyze, Spanish utility-scale solar construction firm, Gransolar, and investors Grupo Ecos, the Guatemalan Green Group and EcoSolar.

The plant also received financing through a non-recourse loan from Guatemalan lender Banco G&T Continental.

“This is the first example of project finance being applied in the utility-scale solar sector in Guatemala, which we hope will pave the way to the build out of additional solar and clean energy infrastructure in Guatemala and the greater region,� said Banco G&T’s head of structured finance, Christian Kummerfeldt..."

Find the whole article at PV Tech: pv-tech.org