SolarReserve, thermal energy storage solutions, has signed a supply contract for the 20 MW Acajutla PV solar power project coming up in El Salvador.
The tender for the project was administered by Distribuidora de Electricidad del Sur (DELSUR), an electricity distribution company in El Salvador, and was overseen by Superintendencia General de Electricidad y Telecomunicaciones (SIGET), local Electricity and Telecommunications regulatory body.
Recently, SolarReserve bagged a total of 800 MW of power projects all over Latin America. The Acajutla project is the beginning of a series of supply projects for the company.
Other confirmed deals include supply of advanced solar thermal technology (CSP), hybrid (combined CSP and PV) and photovoltaic (PV) technology solutions for various projects.
As in the case of El Salvador, many geothermal and hydroelectric renewable energy plants are already operating in various parts of Latin America. With the increased demand for electricity, Latin America is investing more on solar power development, said Kevin Smith, CEO, SolarReserve.
Latin America is blessed with natural solar resources. Solar power is the next generation renewable energy solution, capable of causing environmental impact in a cost-efficient manner, added Smith.
In another initiative, SolarReserve, announced the completion of two 75-MW-DCsolar PV projects.
These projects are designed to supply power to the Eskom South African electric grid with renewable energy. The Lesedi and Letsatsi Projects, totaling 150 MW-DC of installed capacity, are capable of powering more than 130,000 South African homes with clean energy. Combined, the two projects generated 2.3 million man-hours annually.