Connect with us

Hi, what are you looking for?

CleanTechnica

Green Economy

World Bank Supports SunEdison’s 80 MW Solar Projects In Honduras

A World Bank entity has become the latest financial institution to provide finance to solar power projects in Honduras by global renewable energy major SunEdison.

The Multilateral Investment Guarantee Agency (MIGA), a part of the World Bank, has pledged guarantees for investment worth $56.7 million across three solar PV power projects being implemented by SunEdison in Honduras. The total generation capacity of the projects is around 80 MW with the largest project having a capacity of 35 MW.

The projects are being implemented by SunE Solar B.V, a Dutch subsidiary of SunEdison.

In December last year, SunE Solar closed debt financing for the projects. It secured financing worth $86 million from another entity of the World Bank — the International Finance Corporation, $45 million from the Central American Bank for Economic Integration, and $15 million from the OPEC Fund for International Development.

SunEdison expects that all three projects will be commissioned by the second half of 2015. The power generated from the power plants will be supplied to ENEE, the state-owned electricity generation, transmission, and distribution company, under a 20-year power purchase agreement.

A number of solar power project developers have been attracted to Honduras over the last few months. US-based Upower had signed power purchase agreements for 100 MW worth of solar power projects with ENEE last year. Norwegian power project developer Scatec Solar last year also announced that it is working on a 60 MW solar power project in Honduras. Work on more than 200 MW of solar power capacity was initiated last year in the country with several of the projects expected to be commissioned this year.

 
 
 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

Smiti works as a senior solar engineer at a reputed engineering and management consultancy. She has conducted due diligence of several solar PV projects in India and Southeast Asia. She has keen interest in renewable energy, green buildings, environmental sustainability, and biofuels. She currently resides in New Delhi, India.

Comments

You May Also Like

Clean Power

One of India’s leading renewable energy generation companies is on a fundraising spree. Greenko Energy Holdings recently raised funds by selling green bonds, for...

Clean Power

Atlas Renewable Energy has adopted NEXTracker’s TrueCapture orientation software for several new solar projects in Latin America, while retrofits are in the works for...

Clean Power

Formerly the crown jewel in the SunEdison renewable energy portfolio, yieldco-turned-renewable power company TerraForm Power has reported steady financial results in its first year...

Clean Power

TerraForm Power, formerly a yieldco of the now-bankrupt SunEdison and now backed by Brookfield Asset Management, has this week launched a takeover bid to...

Copyright © 2022 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.