200 MW of capacity work has been initiated in 2014, in the Central American Country of Honduras.
SunEdison has closed debt financing for 82 MW of solar power capacity in Honduras itself. This financing deal was finalized with the help of CABEI – The Central American Bank for Economic Integration, OFID – OPEC Fund for International Development and led by IFC – the International Finance Corporation, with a contribution of $45 mn, $15 mn, and $86 mn respectively, to the project.
The 82 MW of solar power will be commissioned by the second half of 2015 as three separate power plants, with the largest having an installed capacity of 35 MW. The generated power will be supplied to ENEE – the state-owned electricity generation, transmission, and Distribution Company- under a power purchase agreement of 20-years.
A part of the debt financing will come from the Clean Technology Fund. The Clean Technology Fund has funded several large-scale solar power projects in 15 countries and the Middle East and North African region. The Fund has so far approved $3.9 billion in financing to 70 renewable energy projects with a total capacity of 16.6 GW.