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Pacific Solar Energy

Sector: Automotive • Location: Valle, Honduras

Source: World Bank Group

Project
Active

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

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The project “Pacific Solar Energy” is an infrastructure initiative in the Automotive sector, located in Valle, Honduras. Taiyo aggregates data on it from World Bank Group.

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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

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