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