Panama - ETESA still sorting through bids

Panama still evaluating bids for 66 MW solar auction

20.01.2015: Panama’s grid operator Empresa de Transmisión Eléctrica SA (ETESA) is still evaluating the 31 project proposals submitted during the country’s first solar energy auction, which was held on Nov. 25, 2014, a month later than originally scheduled. ETESA previously said it would release the results of the auction in mid-to-late December. According to local newspaper La Estrella, ETESA still needs to find the best price combination for the projects. La Estrella previously reported that the lowest bid was submitted by FRV Solar Panamá S. de RL, which offered a price of $0.09 per kWh, while the most expensive project was submitted by Panama Solar Energy Providers Inc., which offered a price of $0.14 per kWh. PV projects selected through the auction will have to begin delivering electricity to the grid by Jan. 1, 2017. Local energy providers Gas Natural Fenosa (Eléctrica Chiriquí y Eléctrica Metro Oeste) and ENSA (Elektra Noreste) will buy the electricity output from the PV plants under 20-year PPAs. © PHOTON http://www.etesa.com.pa http://laestrella.com.pa/economia/adjudicacion-contrato-energia-solar- retrasa/23836672

 

 

Monty Bannerman

ArcStar Energy

+1-646-402-5076

www.arcstarenergy.com