Solarpack wins a 20-year long PPA contract in Ecuador for a 258 MW solar PV project
Post date: 15/12/2020 - 11:14
Spanish solar developer Solarpack was awarded a long-term concession contract for the construction, operation, maintenance and reversion to the Ecuadorian State of the 258 MW solar PV project, »El Aromo«, located in the province of Manabí.
The award is part of the bidding process launched by the Ministry of Energy and Non-Renewable Natural Resources (MERNNR) of Ecuador in which 3 international companies bid after a pre-qualification process. Solarpack offered the most competitive energy price of $69.35/MWh, slightly below the prices offered by the rest of the bidders, who all offered prices below $70/MWh, says the company. The power purchase agreement will last for 20 years from the time of award.
The award enables Solarpack to begin with the development, financing, and construction of »El Aromo« solar PV project, which will generate around 340 GWh per year and which is expected to enter operation by the end of 2022.