Yingli Solar has announced it will supply more than 24 megawatts of solar panels for the Pavana Solar Park, which will be the largest solar farm in Honduras.
Located in the city of Choluteca in southern Honduras, the Pavana Solar power plant will feature close to 80,000 YGE 72 Cell Series modules. The facility is expected to be operational during the first quarter of next year and will generate approximately 40,000 megawatt-hours annually.
“We are thrilled to contribute to Honduras’ largest solar project to date, which will help the country reach its goal of meeting sixty percent of domestic electricity demand with renewable resources by 2020,” said Jeffrey Barnett, Vice President of International Sales of Yingli Green Energy Americas. “Thanks to a robust regulatory framework for renewable energy that includes net energy metering, a feed-in tariff, and tax incentives, Honduras is one of highest potential solar PV markets in Central America.”
Honduras currently relies heavily on coal, diesel and gas powered electricity generation. More than half of its installed capacity is diesel based, making the country’s energy sector particularly susceptible to oil shocks. PV uptake had been hampered by a combination of high equipment prices, lack of financing assistance and government support; all of which have recently changed.
Yingli says its strategy in Latin America is to invest in local operations and forge partnerships with the region’s market leaders, including ENERBASA and Sybac Solar. Energia Basica S.A. (“ENERBASA”) is the owner of the Pavana Solar Park and Sybac Solar will provide engineering, procurement and construction (EPC) services.
Yingli Solar is the world’s largest photovoltaic module manufacturer in terms of production capacity and shipments. The company has shipped more than 10,000 MW of PV modules to customers worldwide. Yingli Solar panels are a popular choice for home solar power systems in Australia.
