LUCELEC Solar Farm

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The project entails the construction and operation of a 3-MW solar PV farm located north of the Hewanorra International Airport, La Tourney, Vieux Fort. The project is the first utility scale project in St. Lucia and is being developed by LUCELEC (majority privately owned entity). LUCELEC will fund, own and operate the facility. When completed in April 2018, it will have about 15 thousand panels and will generate 7 million kWhs (or units) of electricity per year. That’s enough to power the equivalent of about 3,500 homes. In June 2017, LUCELEC entered into an agreement with solar energy firm GRUPOTEC to begin the engineering, procurement, and construction for the solar farm and construction works began in September 2017. The plant's output will be connected to the national grid under a PPA. Total investment is estimated at $20 million and to the best of our knowledge will be funded entirely with sponsor's funds (equity). project is expected to be completed in April 2018. http://www.lucelec.com/content/lucelec-breaks-ground-3mw-solar-farm LUCELEC to be added to sponsors' list (http://www.lucelec.com)