Experienced engineering firm Diconelec is advancing a major renewable energy initiative in Honduras, unveiling a portfolio of five solar power projects integrated with battery storage. This ambitious undertaking will add a total nominal capacity of 120 MW (169.53 MWp) to the nation’s grid, marking a significant step in its clean energy transition.
A Portfolio for National Impact
The 169.53 MWp portfolio is composed of five distinct solar plants, each paired with its own battery storage system to ensure grid stability and reliability. The projects include the 20.52 MWp Lindo Caracol Solar Plant, the 41.73 MWp NACO I Solar Plant, the 38.95 MWp NACO II Solar Plant, the 41.73 MWp Villanueva I, and the 26.60 MWp Villanueva II. This strategic deployment of distributed generation aims to provide a comprehensive solution to the country’s energy needs.
Seeking Strategic Alliances and Investment
To bring these projects to fruition, Diconelec is actively seeking investments and partnerships from a range of sources, including investment funds, financial institutions, and private investors. The company has structured its development plan with flexibility, remaining open to selling the projects as turnkey assets or forming alliances to enhance their financial and technical competitiveness.
Samuel Rodríguez, the company’s technical and commercial director of projects, outlined the multi-pronged market strategy. “We hope to add allies that will make the projects more competitive in the financial and technical aspects so that we can choose to participate in the spot market, agree on a private PPA or submit offers in a State tender,” he explained.
Phased Rollout Begins with Lindo Caracol
Leading the development is industry veteran Samuel Rodríguez, who brings over two decades of experience and a track record of developing 364 MW in Honduras. The initiative will kick off with the construction of the 20.52 MWp Lindo Caracol Solar Plant in the Municipality of San Antonio de Cortés. “We are going to start with the Lindo Caracol Solar Plant of 20.52 MWp… We already have the financial closure and we will soon begin construction,” Rodríguez confirmed. He noted this first project will operate within the opportunity market, while the strategy for the other four projects remains open to either private contracts or a potential public tender.
Regulatory Framework in Place
To manage the portfolio, Diconelec has established two special purpose vehicles (SPVs) under Honduran law: LINDO CARACOL SA and OCAN ENERGY SA de CV. Both entities have successfully secured electricity sector registration from the Electric Energy Regulatory Commission (CREE). This crucial step, authorized under Articles 17 and 55 of the General Law of the Electricity Industry, permits the projects to enter into power purchase agreements with the national utility, ENEE, or supply energy via the Spot Electricity Market, providing a clear legal path to operation.
Sources: Diconelec Unveils 120 MW Solar Projects in Honduras
- Honduras 120mw of solar | EMFULENI SOLUTIONS
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