Project Description
Valle Solar PV (the “Project”) comprises the development, construction and operation of a 70 MWp solar PV power plant located in Nacaome, Honduras. The Project is expected to produce an average of approximately 122 GWh per annum. The Project is being developed by Compañía Hondureña de Energía Solar, S.A. de C.V. (“Cohessa” or the “Company”) and has successfully secured a 20-year Power Purchase Agreement (“PPA”) with state-owned utility, Empresa Nacional de Energía Eléctrica (“ENEE”). The PPA is part of a wider effort by ENEE and the Government of Honduras to diversify the country’s electricity supply and improve the reliability of the power grid. Cohessa will employ equipment (e.g. panels, inverters, etc) from top-class manufacturers and expects to start construction of the Project in Q4 of 2014. The Project is expected to become operational by the second half of 2015.