Isofoton SA (Madrid, Spain) has signed an agreement with the National Electricity Council of Ecuador (CONELEC) for the building of a 50 MW solar photovoltaic (PV) plant in the nation, as the first to obtain planning permission under Ecuador's feed-in tariff system.

The USD 100 million plant will be built in the parish of Calderón, 10 km from Quito, and will be larger than any currently operational PV plant in Latin America.

"This plant in Ecuador reaffirms Isofoton's strategy to develop photovoltaic products in emerging markets, which are developing the demand that will lead the photovoltaic market in the next ten years," states Isofoton CEO Ángel Luis Serrano.

The construction phase of the project will employ an estimated 500 workers. Under a corporate social responsibility plan, Isofoton will improve the area's infrastructure, as well as supplying electricity to a health center and a school.

2012-11-20 | Courtesy: Isofoton | solarserver.com © Heindl Server GmbH

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