From pv journal LatAm

The Ministry of Power and Mines (MEM) of Ecuador allotted 345.3 MW of photo voltaic capability within the newest 500 MW renewable power public sale, which was launched in December 2021.

Though initially there have been greater than 30 bidders who obtained the rights to take part within the public sale, on the shut of the procurement train there have been solely 10 corporations that complied with the technical necessities imposed by the authorities.

For photo voltaic, 5 of the six collaborating builders proposed 60 MW tasks. Intiyana submitted a suggestion of $0.049877/kWh and AMBI introduced a worth of $0.049876/kWh. Imbabura Photo voltaic, Ñañapura, and Dominion supplied $0.0535977/kWh, $0.05961/kWh, $0.066988/kWh, respectively. Esco As submitted a 17.6 MW photo voltaic mission to promote electrical energy at $0.064985/kWh.

MEM additionally chosen two hydropower tasks, with a complete capability of 150 MW, with last costs starting from $0.0455/kWh to $0.05222/kWh. Just one wind mission with a capability of 44.8 MW was chosen within the public sale, with a last worth of $0.06063/kWh.

MEM will award a 25-year energy buy settlement to wind and photo voltaic tasks and a 30-year deal to hydroelectric services.

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