The Inter-American Investment Corp. (IIC) approved a loan of up to $11.9 million to Divisa Solar 10 MW SA, a project development subsidiary of Ecosolar, to fund the construction, development and commissioning of a 9.9 MW PV power plant in the province of Coclé, Panama. The power generated by the project will be sold on the spot market through the Centro Nacional de Despacho, the country’s wholesale power market. The Divisa Solar project has a total required investment of $17.8 million, including the cost of building a 2.8-km transmission line to connect the plant to the grid. Part of investment group Grupo Ecos, Ecosolar manages solar investment vehicles with the goal of attracting investment and becoming an independent energy producer. Grupo Ecos was founded by Swiss investors committed to Latin America. © PHOTON
Monty Bannerman
ArcStar Energy
+1-646-402-5076
www.arcstarenergy.com
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