Developer team eyes Paraguay PV-storage opportunities

Mar 7, 2023 01:18 PM ET
  • PASH Global and also ERIH Holdings have actually become part of a JV to supply 100MW of solar-battery capacity in the Latam country
Developer team eyes Paraguay PV-storage opportunities
Image: Unsplash/Jeremy Bezange

Clean energy financier PASH Global and ERIH Holdings have authorized a contract to create a joint venture to establish solar and also energy storage projects amounting to 100MW in Paraguay.

The very first project will certainly begin manufacturing in 2024, as well as the remainder will be placed on stream in between 2024 and also 2025.

The projects will generate clean and also reputable energy across Paraguay and also lead to the development of jobs in design, building and construction and also plant procedures.

The 50:50 JV incorporates ERIH's decade-long international knowledge in the advancement of solar projects with PASH's investment proficiency in the renewable resource projects.

"We delight in to partner with PASH and see significant opportunities for our JV to expand our solar and also power storage space footprint. I am confident that this will certainly pave the way to even more opportunities in the LATAM renewables as well as storage space market" said ERIH's chief executive officer, Akin Gunduz.

"Both PASH and ERIH have a strong understanding of each other's company strategies and investment standards.

"This is a great partnership, as well as we are excited to deal with the PASH group and also further our joint commitment to clean renewable energy and low-carbon investments," claimed Vine Mwense, founder and also executive supervisor, PASH Global.

Solar Installers, Manufacturers