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Two photovoltaic power plants in Southern Peru: Support for the solar industry in Latin America
Project
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Signature date
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Location
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Peru
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Financing tool
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Financing amount (Euro)
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5026362.04
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Financing details
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Loan of USD 7,15m
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Customer
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GRUPO T-SOLAR MAJES/ REPARTICION
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Type of customer
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Company
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Project number
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PPE1007
T-Solar Group is building two photovoltaic power plants in Peru. These facilities will be installed over an area of more than 200 hectares and will be among the largest in Latin America. They will meet the country’s growing electricity needs.
Client presentation
T-Solar is a major independent photovoltaic solar energy producer. The company is a subsidiary of Isolux Corsan Group and has 326 MWp under operation, construction and development in Spain, Italy, India, Peru, Porto Rico, the USA, Mexico and Japan. T-Solar’s photovoltaic power plants generated over 420 GWh in 2014, which is equivalent to the average annual electricity consumption of a city of 731,000 inhabitants.
Project description
Proparco’s loan will contribute to financing the construction and operation of two photovoltaic power plants in the Arequipa region, in southern Peru. 113,600 hydrogenated amorphous silicon thin-layer modules will be installed over an area of 206 hectares. These two power plants, with a combined capacity of 44 MW, will be the first large-scale photovoltaic solar energy projects in Latin America.
Project impact
The two solar power plants should produce 80 GWh a year, i.e. the electricity needs of 80,000 people. This project will allow Peru to meet growing energy demand and begin its energy transition. Over 160 direct local jobs will be created during the construction phase.