The energy sector in El Salvador has experienced significant growth in recent years, positioning the country as a regional leader in the transition to renewable, cleaner, and more sustainable sources. Contact online >>
The energy sector in El Salvador has experienced significant growth in recent years, positioning the country as a regional leader in the transition to renewable, cleaner, and more sustainable sources.
According to statistics from the Latin American Energy Organization (Olade), El Salvador has experienced a 160-fold increase in its solar power generation capacity from 2015 to last year, marking a significant transformation towards energy self-sufficiency.
The data also goes in sync with those presented by the General Directorate of Energy, Hydrocarbons and Mines (DGEHM), which indicated that during 2023, photovoltaic plants generated around 539,067.71 megawatt hours (MWh), which represented 7.13 % of the Salvadoran energy matrix.
The dynamism of the sector is reflected in the number of projects executed in recent years. In the last year, for example, more than 35 photovoltaic projects were registered between private and public, which supply the energy demand of 500,000 Salvadoran homes (estimated in one year).
The institution also estimates that the considerable investment of a company in a solar plant could mean savings of up to 50% in the energy bill, with recovery periods of approximately five years, while the useful life of a solar panel is around 20 years.
Recently, the president of the Comisión Ejecutiva Hidroeléctrica del Río Lempa (CEL), Daniel Álvarez, informed that as part of the commitment to renewables, this year they will continue with the construction of projects, among them the second photovoltaic plant of the State, which will be located in the Central Hidroeléctrica 15 de Septiembre.
According to the official, the plant will be built on CEL’s land, specifically on the land of the Hydroelectric Power Plant. The photovoltaic project, which would be the second one executed by the Bukele administration, is expected to generate around 20 megawatts (MW) installed with solar panels.
“We already have the feasibility, we have everything to launch the project. [We are currently seeking financing so that construction can begin in the next few months,” he reaffirmed.
This would join the Talnique Solar plant, operated by Inversiones Energéticas (INE), which has an installed capacity of 17 megawatts thanks to the 29,600 bifacial solar panels placed on a 19-block plot of land.
Is an official site for the assistance and consultancy of investors, exporters or companies interested in expanding their business within the favorable economic and social environment that El Salvador offers in multiple economic industries.
The Export and Investment Promotion Agency of El Salvador PROESA, together with the Ministry of Economy, MINEC, and the Spanish company Ecosolar, inaugurated a new photovoltaic plant in El Salvador, an important energy project for the country, especially at a time of economic recovery.
IZALCO, El Salvador, Nov 28 2024 (IPS) - With machete in hand, Salvadoran farmer Damián Córdoba weeds the undergrowth covering the trunk of what was once a leafy tree to show the deforestation taking place on the Santa Adelaida farm, where a company seeks to install a solar park in western El Salvador.
"The people hired by the company... said they were going to cut down some trees to plant coffee and fruit trees, but that was a lie, because later they revealed they were for solar panels": Damián Córdoba. The 115-hectare farm intersects with the territories of several hamlets, whose approximately 10,000 families will be affected by the deforestation required to install the photovoltaic power station, which is being built by Volcano Energy, a private initiative whose trading company is named Hashpower Energy Solutions.
The recently formed Volcano Energy wants to generate cheap electricity that will be used to mine bitcoins, taking advantage of the enthusiasm the government of El Salvador continues to show for this cryptocurrency, legal tender in this Central American nation since September 2021.
"The people hired by the company to cut down the trees said they were going to cut down some to plant coffee and fruit trees, but that was a lie, because later they revealed they were for solar panels," Córdoba told IPS, as he continued to cut down the undergrowth covering the trunk of what was once a fire tree (Delonix regia), more than a metre in diameter.
Córdoba is a native of the Chorro Arriba canton, one of the three peasant communities that will be most affected by the photovoltaic project, along with Cuntán and Cuyagualo, all three of which belong to the Izalco district.
Most of these families live on plots of land they own, bordering the Santa Adelaida estate, but their ancestors settled there as labourers or settlers decades ago, with the permission of the landowners, in exchange for work on agricultural tasks for a meagre wage.
However, there are 13 families still living on the Santa Adelaida farm as settlers who are about to be evicted from the property, villagers said. IPS saw how the cottage of one of these workers had already been demolished.
"This logging carried out by Volcano Energy is the final blow, the death blow to the farm," said Córdoba, referring to prolonged process of indiscriminate logging the estate has been subject to since it was bought some 25 years ago by a member of the Saca family, one of the most prominent in the country.
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