Ecoener will begin construction of a 50 MW photovoltaic plant in Panama this September, marking its expansion in Latin America. Last year the company has reported €64 million in revenue, with a net profit of €12 million and EBITDA of €34 million.Ecoener now operates 740 MW in assets, achieving a 31% increase in total generation to 500 GWh. In 2023, the company invested €124 million to add 140 MW in new capacity, including notable projects like the 96 MW Cumayasa plants in the Dominican Republic and the 41 MW Sunnorte plant in Colombia. Currently, Ecoener has 400 MW under construction and aims to reach 1,000 MW by 2025, supported by long-term PPAs securing 80% of revenues.
Ecoener expands into Panama with new 50 MW PV project
A new 50 MW solar power plant is set to be constructed in Panama by Ecoener. (Photo Credit: Pixabay)
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)