Honduras approves PV projects totaling 609 MW

PHOTON - Honduran state-owned electrical power company Empresa Nacional de Energía Eléctrica (ENEE) had awarded 23 service contracts for PV projects totaling 609.2 MW as of the end of June 2014, according to local newspaper El Heraldo.

Seventeen of these projects totaling 379.2 MW are to be developed in the department of Choluteca, while four projects totaling 199.8 MW are to be built in the department of Valle. The departments of Santa Barbara and Cortés will each host one PV plant, the first with a capacity of 20.2 MW and the second with a power of 10 MW. According to the article, the 23 projects would be developed at a per megwatt cost ranging from $2.7 million to $3.0 million. This means that the total investment for these projects would surpass $1.64 billion. In May, the head of Honduras’s Chamber of Commerce, Salomón Ordóñez, said that Honduras could have 300 MW of cumulative installed PV capacity by August 2015. Ordóñez said that a planned $450 million to $500 million investment in solar projects would make the target possible. The investments will be concentrated on projects in the departments of Valle and Choluteca, located in the south of the country. Ordóñez claimed that PV power plants developed in these departments would be able to sell electricity to the local grid at a price of $0.18 per kWh, while thermal power plants are currently selling their output to the country’s utility Empresa Nacional de Energía Eléctrica (ENEE) at a price of $0.20 to $0.22 per kWh

Source: Photon; El Heraldo