PROJECT

Projects

Summary of Investment Information

Project Number

35364

Company Name

ENERGIA CINCO ESTRELLAS SA DE CV

Date SPI Disclosed

Nov 18, 2014

Country

Honduras

Region

Latin America and the Caribbean

Projected Board Date

Jan 8, 2015

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 14, 2024

Department

Regional Industry INF LAC & EUR

Industry

Infrastructure

Previous Events

Approved : Feb 26, 2015
Signed : Mar 20, 2015
Invested : Jun 19, 2015

Sector

Solar - Renewable Energy Generation

Additional Project Attributes

Public-Private Partnerships

Project Description

The Aura Solar II Project (the “Project” or “Aura II”) comprises the construction and operation of a 61MWdc (50MWac) greenfield photovoltaic power plant on an area of 150 ha to be located in the Choluteca Municipality, which is approximately 152 km south of the capital city of Tegucigalpa, Honduras. The Project is expected to produce an average of approximately 125GWh per annum. Aura II is being developed by Gauss Energía (“Gauss”), an independent Mexican energy developer, and will be owned by Corporación Aura Solar (“CAS”) and by the Flores Family. The Project 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. Aura II will be constructed and operated under an EPC contract with an experienced engineering firm and PV panels will be supplied by a top-class PV manufacturer. The project is in design stage and construction is expected to be completed by the second half of 2015.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation