Ecuador names winners of 500-MW renewables tender

Apr 10, 2023 03:05 PM ET
  • Bidders from France, Spain, Ecuador as well as Mexico will be granted concessions in Ecuador's tender for the building and construction as well as procedure of 500 MW of renewable energy.
Ecuador names winners of 500-MW renewables tender
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The Ecuadorean ministry of energy and mining stated on Friday that the complying with business had been chosen for the awards: France's Neoen SA (EPA: NEOEN) as well as Total Eren SA, Spain's Dominion Energy, Consorcio Santa Rosa Energy as well as Consorcio El Rosado Energy, Ecuador's Consorcio San Jacinto and Mexico's Consorcio Esco AS.

The projects are currently in the award stage, according to the statement. The energy ministry expects them to bring USD 689 million (EUR 632m) in private financial investments to the nation as well as develop around 4,000 straight as well as indirect jobs during construction.

As part of the tender, in your area known as Bloque de ERNC 500 MW, the ministry invited residential as well as worldwide firms to complete for the construction of 150 MW of little hydroelectric stations, 200 MW of wind farms, 120 MW of solar PV plants and 30 MW of biomass as well as biogas nuclear power plant. The winning bidders would run the nuclear power plant under multi-year concession contracts.

Previously this year, the ministry released the list of bidders that submitted economic deals in among the final stages of the competition. Every one of the deals were listed below the ceiling cost that the ministry established for every innovation: USD 52.44/ MWh for hydro power, USD 61.12/ MWh for wind, USD 67.79/ MWh for solar as well as USD 45.59/ MWh for biomass. The list revealed no bids positioned for biomass/biogas sub-block.

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