Solarpark has won a long-term concession contract for the construction, operation, maintenance, and reversion to the Ecuadorian State of the 258 MW El Aromo solar PV project located in the province of Manabí (Ecuador). In November 2019, the Ministry of Energy and Non-Renewable Natural Resources (MERNNR) of Ecuador had prequalified 9 international companies or consortia that were allowed to take part to the public selection process for building, operating and maintaining the 200 MW El Aromo solar PV project and the Villonaco II and III wind power projects (total capacity of 110 MW). Three international companies submitted bids and Solarpack offered the most competitive energy price: US$69.35/MWh, slightly below the prices offered by the rest of the bidders, who all offered prices below US$70/MWh. The company will now sign a 20-year power purchase agreement (PPA) in US$ for the project, which is expected to enter operation by the end of 2022 and should generate around 340 GWh/year.
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