Solar power developers were the sole winners in El Salvador distributor Delsur's call to supply 100 MW from renewable energy for 20 years, according to Business News Americas.
Developers UDP Neoen-Almaval, UDP Proyecto La Trinidad and Solar Reserve Development landed contracts after wind bids exceeded the price cap, Delsur said in a statement.
UDP Neoen-Almaval offered 60MW at $101.90/MWh; and to cover the 40 MW wind, UDP Proyecto La Trinidad tabled bids for 8 MW and 6 MW, and Solar Reserve Development an offer for 20 MW at $123.41/MWh.
Contract signing is scheduled for July 14-25 with supply to begin October 1, 2016. Distributor Caess will be the principal offtaker, followed by Delsur, Clesa and EEO.
The winners will have to allocate 3 percent of annual revenue to social development programs in the municipalities where the projects will be installed.
These solar plants will be among the first to inject El Salvador's grid as the bulk comes from thermal/fossil, hydro and geothermal. In February solar developer PVgen was the first to sign a contract from a previous call, and the following month Martifer SGPS subsidiary Martifer Solar opened an office in the country.