Ecoener, a Spanish renewable energy company, is developing two solar plants in Yolanda and El Carrizo with capacities of 74 MW and 75 MW, respectively. These projects, situated in the Escuintla department along the southern coast of Guatemala, will significantly contribute to the nation's efforts to expand its renewable energy capacity, thereby promoting sustainable development.
Ecoener Secures $64M Green Loan for Yolanda Solar Plant
Ecoener has secured $64 million in green bond financing from BAC Financial Group and the Dutch public development bank FMO for the Yolanda solar plant, a 74 MW facility located in the southern department of Escuintla. The project includes a 10-year Power Purchase Agreement (PPA), and it is expected to produce 165 GWh of electricity annually. In addition, Ecoener is constructing a second solar PV plant, El Carrizo, with a capacity of 75 MW in the same region.
The company with a current asset portfolio of 740 MW, aims to have 1,000 MW in operation and under construction by 2025. The company's dedication to renewable energy development reflects its vision of sustainable growth and environmental responsibility.
Enerland Group Expands into Guatemala with 66 MWp Solar Park
Enerland Group has also announced its expansion into Guatemala, revealing plans to establish its headquarters and build its first photovoltaic park — Magdalena Solar — in the country. Scheduled for completion in mid-2025, Magdalena Solar will have a capacity of 66 MWp, thereby enhancing Guatemala's renewable energy capacity.
Despite previous investments in solar energy, including a 5 MW project announced in 2014 and a cancelled 110 MW tender in 2019, Guatemala's installed photovoltaic capacity currently stands at 110 MW, according to recent statistics from the International Renewable Energy Agency (IRENA).
The construction of the Yolanda and El Carrizo photovoltaic plants by Ecoener highlights the increasing momentum of renewable energy projects in Guatemala. With investments from both domestic and international companies, the country is set to enhance its renewable energy infrastructure and contribute to global climate change mitigation efforts.
Ecoener’s Commitments to Sustainable Energy
Ecoener S.A. is a Spanish company specializing in the development, construction and operation of renewable energy projects. Founded with a vision of promoting sustainable energy solutions, Ecoener has established itself as a key player in the renewable energy sector. The company is involved in various projects, including wind, hydroelectric and solar power plants, contributing to a significant reduction in greenhouse gas emissions.
Ecoener presently manages 341 MW of renewable energy capacity with 182 MW derived from solar PV. The company is actively constructing an additional 396 MW of solar PV, with plans for an additional 864 MW in development. Ecoener's operational solar assets are located in the Dominican Republic, Honduras, Colombia and Spain.
Ecoener's strategic initiatives include expanding its renewable energy capacity and exploring new markets. With a commitment to environmental stewardship and sustainable growth, the company focuses on creating clean energy solutions that reduce carbon emissions and promote energy independence.
The company's recent efforts — the construction of the Yolanda and El Carrizo solar plants — underscores its dedication to fostering renewable energy development. These solar projects do not only boost the local energy infrastructure but also align with global efforts to combat climate change.
