The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

El Salvador to Pour $500 Million into Renewables

El Salvador's Comision Ejecutiva Hidroelectrica del Rio Lempa (CEL) is to invest roughly $500m to develop the country's renewable power industry, according to company executives and insiders.

It plans various projects to expand the Central American country's solar, wind and photovoltaic energy resources, a CEL spokesman told Renewable Energy World.

The company's first undertaking will be a 42-MW wind farm in Metapan in Western El Salvador which will cost $80 million and is scheduled to come on line in early 2016. Then CEL will earmark $236 million for a 50-MW thermosolar park in an undisclosed location that will probably be in the Eastern region but is still being evaluated, the spokesman said.

Finally, CEL will expand the country's main "5 de Noviembre" hydroelectric facility (located 90m from the capital El Salvador) from the current 90 MW to 170 MW by 2016 at a cost of $165 million.

"We are going to build a new machinery station to boost generation efficiency," the spokesman said. El Salvador's largest river Lempa feeds the station and is behind CEL's creation.

El Salvador will use CEL as its key renewable power development arm, the spokesman said, adding that the government is equally interested in developing solar and wind resources and working to assess its potential.

Untitled Document

RELATED ARTICLES

Study Reveals Room for Sales Response Improvement in Growing Solar Industry

Scott Ankley Solar installations have grown by more than 600 percent across both residential and commercial properties in the past...

Why Renewable Energy in Latin America is a Winner

Carlos Candiales Renewable energy in Latin America has made some important gains over the last decade and seems positioned to continue...

Solar Cell Efficiency Could Double with Novel “Green” Antenna

Renewable Energy World Editors The use of solar energy in the U.S. is growing, but panels on rooftops are still a rare sight. They cost thousands of...

LG Chem: Storage Battery Leader

Debra Fiakas The post “Energy Storage Restart,” which was published last week, discussed the efforts by General Electric (GE: NYSE...

PRESS RELEASES

Intersolar AWARD „Solar Projects in India“ – Applications being accepted until September 18

The Intersolar AWARD in the category Solar Projects in India honors projects in the fie...

OFS Announces Commercial Availability of InvisiLight® MDU Optical Solution for Multiple Dwelling Units

OFS, a leading-edge designer, manufacturer and supplier of innovative fiber optic netwo...

New local energy partnership brings innovative solar tracker to Washington State

A new partnership will bring the innovative AllEarth Solar Tracker solar electric syste...

30 days to GRC Annual Meeting & GEA Geothermal Energy Expo

The Geothermal Resources Council (GRC) has announced that it is only 30 days to go to t...

FEATURED BLOGS

Cronimet / THEnergy study: In solar for mines size does not always matter - Reducing CAPEX with energy efficiency and load shifting

Munich, September 2015. Mining companies are constantly gaining interest in solar solutions because frequently solar ...

Final Program Now Available for GRC Annual Meeting & GEA Geothermal Energy Expo

GRC Annual Meeting & GEA Geothermal Energy Expo - Final Program from

Vacancy? No Problem!

Have you ever tried to sell an efficiency product or service to a prospect that owns or manages a building with high ...

Shedding Some Light on a Taxing Situation for Community-Shared Solar

For renters and for property owners with inadequate roof space, the many benefits of solar electricity may seem out o...

FINANCIAL NEWS

Ivan Castano is a freelance journalist based in Miami. His work has appeared in Thomson Reuters’ International Finance Review (IFR), Dow Jones’ Financial News, Euromoney, Trade & Forfaiting Review and a range of trade publications covering the cap...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @jennrunyon

FEATURED PARTNERS



EVENTS

Doing Business in South Africa – in partnership with GWEC, the Glob...

Wind Energy in South Africa has been expanding dramatically, growing fro...

Solar Power International 2015

Solar Power International, ranked as the largest solar trade show in Nor...

International Energy and Sustainability Conference 2015

The fourth International Energy and Sustainability Conference will be he...

COMPANY BLOGS

Europe Leading Tidal Development, but US and Asia Catching Up

New analysis from market research and analysis firm Frost & Sullivan...

Come check out Lumos at Solar Power International 2015!

The Lumos 2015 trade shows started off with a bang at Dwell on Design. W...

Lumos Solar's new home and new LSX patio cover

This beautiful LSX patio cover is the highlight of Lumos Solar's new hea...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS