wiredinUSA September 2012

INDEX

Ecuador’s Ministry of Electricity and Renewable Energy is looking for an engineering, procurement and construction company to take on a hybrid systemproject on Isabela island, in the Galapagos Archipelago. The project, with financial backing from Germany-based KfW Bankengruppe, will comprise a 1.1MW PV system, a 1.2MW thermal power plant and a 1MW energy storage system. It will supply energy to Isabela island, the largest among the Galapagos islands. South America has been identified as an important emerging market for the solar industry, but with one of the more developed feed-in-tariffs in the area, Ecuador may become a center for solar investment in the coming years. It has already seen an increase in development in the solar sector and in April, Solaria Energía y Medio Ambiente announced that it would develop a 25MW PV project in the region. PV firm sought for Galapagos project

wiredInUSA - September 2012 i I

wiredInUSA - September 2012

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