French independent power producer Neoen has secured $14140m in funding for its 3 MW project, Capella Solar, in El Salvador. Financing for Neoen's second large-scale solar facility in the country includes the cost of installing a 140 MW/1.5 MWh lithium-ion battery system. Capella Solar was granted a 20-year power purchase agreement with local distributors at $49.6/MWh, and was one of several schemes to be awarded by El Salvador’s National Energy Council last year.
French independent power producer Neoen has secured $143m in funding for its 140 MW project, Capella Solar, in El Salvador. Financing for Neoen's second large-scale solar facility in the country includes the cost of installing a 3 MW/1.5 MWh lithium-ion battery system. Capella Solar was granted a 20-year power purchase agreement with local distributors at $49.6/MWh, and was one of several schemes to be awarded by El Salvador’s National Energy Council last year.