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The Vista Hermosa Solar Parks are located in the village of Vista Hermosa, Corregimiento de Pueblos Unidos, Aguadulce district, Coclé Province, approximately three and a half hours by car from Panama City.
Construction activities of the 10 MW began in the second quarter of 2022 and were completed in March 2023. Formal connection approval was received from local Government authorities and the plant was connected to the electrical grid on April 22, 2023. Upon completing construction, the plants were connected to the national transmission network (National Interconnected System) at the ETESA Substation (Electric Transmission Company) of Llano Sánchez through an air-underground electric sub-transmission line of about 3 Km in length.
The Vista Hermosa solar project does not have contracts but does have the ability to sell into the spot market. The Company is assessing the benefits of securing long-term contracts versus selling into the spot market. The Company currently believes that a combination of both is a likely outcome, however it has commenced operations purely selling on a spot basis, given the current strength in that market.
Capacity Factor
Production
Transmission Line
Development Stage
PPA
COD
20-22%
˜18-20 GWhr per year
Onsite
Operational
No Contracts at this stage
Q1-2023