Spanish renewable energy company Ecoener SA is set to start building a 50 MW solar plant in Panama this September, marking its entry into the country and expanding its footprint in Latin America.
Ecoener Expands to Panama, Joins Latin American Presence
By entering Panama, Ecoener expands its Latin American presence adding to its existing operations in the Dominican Republic, Honduras, Guatemala and Colombia.
In 2023, the growth was driven primarily by the Cumayasa 1 and 2 solar plants in the Dominican Republic totaling 96 MW and the 41 MW Sunnorte plant in Colombia. From 2020 to 2023, the company increased its size 2.7-fold expanding from 271 MW in operation and construction to 740 MW across America and the Canary Islands.
Ecoener Aims for 1,000 MW Renewable Capacity by 2025
The company plans to achieve 1,000 MW of renewable energy capacity by 2025 with 80% of this capacity covered by power purchase agreements, emphasizing its strategy of securing long-term contracts for its projects. Ecoener is expanding its European footprint with projects in Greece and maintaining offices in Italy, Romania, and Poland, demonstrating its commitment to growth within the European market.
Ecoener's president, Luis de Valdivia, has confirmed that the company aims to have 1,000 MW of renewable energy capacity either in operation or under construction by 2025. In a recent statement, he emphasized that this is a "clear and non-negotiable" goal for the company.
"Due to the investment effort, Ecoener group's total generation reached 500-gigawatt hours (GWh) last year, marking a 31% increase from the previous year." the company emphasized in a statement.
Ecoener’s Commitment to Renewable Energy
Ecoener: Pioneering renewable energy through wind, solar, and hydroelectric power since 1988.
Ecoener is a Spanish renewable energy company established in 1988 specializing in wind, solar and hydroelectric power projects. With a diverse global portfolio, the company is committed to sustainability, innovation and community engagement. Ecoener invests in cutting-edge technologies and adheres to strict environmental standards to minimize its ecological impact.
The company continues to expand strategically seeking new opportunities to enhance its renewable energy capacity and support global efforts to combat climate change.
