Pacific Solar Energy
Sector: Automotive • Location: Valle, Honduras
Source: World Bank Group
The project entails the financing, construction and operation of a nearly 50 MW solar plant solar-powered electric generating facility located near the city of Nacaomé, Honduras. Pacific Solar Energy, S.A. de C.V. is the special purpose vehicle created for the execution for the project. It is sponsored by Upower Group.
The project is a greenfield undertaking and is to be built in two phases of 2
- Status
- Prospective
- Sector
- Automotive, Power Generation (CCGT), Solar, Commercial, Government
- Location
- Valle, Honduras
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The project entails the financing, construction and operation of a nearly 50 MW solar plant solar-powered electric generating facility located near the city of Nacaomé, Honduras. Pacific Solar Energy, S.A. de C.V. is the special purpose vehicle created for the execution for the project. It is sponsored by Upower Group. The project is a greenfield undertaking and is to be built in two phases of 25 MW each. The plant is initiated on a BOO modality with PPA for 20 years. Total project cost is $123.6 million and is funded through debt and equity in 75:25 ratio. Project financing was provided by FMO and DEG for both phases. DEG is providing $20.3 million for phase I, and $24 million for phase II. FMO is lending $48.4 million in total for both phases. Hence the total debt stands at $92.7 million. The remaining cost will be covered by equity contribution of $30.9 million. Financing closed on December 14th, 2017. https://www.deginvest.de/DEG-Documents-in-English/About-us/Responsibility/Investment-related-information/201610_NACAOME_EN.pdf submission form |
Original sector | Energy |
Budget |
Location
Country | Honduras |
State | Valle |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Automotive, Power Generation (CCGT), Solar, Commercial, Government |
Article published date | 2024-05-20 |
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