In recent years, El Salvador has significantly increased its solar energy capacity, marking a pivotal shift towards cleaner and sustainable sources. According to the Directorate General of Energy, Hydrocarbons, and Mines (DGEHM), during 2023, El Salvador’s photovoltaic plants generated approximately 539,067.71 MWh, constituting an impressive 7.13% of the country’s energy matrix.
The energy sector in El Salvador has witnessed remarkable growth, positioning the nation as a regional leader in the transition towards renewable and cleaner energy sources. Statistics from the Latin American Energy Organization (Olade) reveal a 160-fold increase in solar energy generation capacity from 2015 to the past year, showcasing a significant transformation towards energy self-sufficiency.
This data aligns with information presented by the DGEHM, highlighting that solar plants contributed 7.13% to El Salvador’s energy mix in 2023, trailing only behind natural gas, geothermal, and hydroelectric sources.
The dynamism of the sector is underscored by the multitude of projects executed in recent years. In the last year alone, over 35 photovoltaic projects, both private and public, were registered, catering to the energy demand of approximately 500,000 Salvadoran households over a year.
The institution estimates that a substantial investment in a solar plant could result in up to a 50% reduction in energy bills, with a recovery period of around five years. The average lifespan of a solar panel is approximately 20 years, further emphasizing the long-term sustainability of such projects.
Renewable energy promotion has attracted significant foreign investment, fostering economic growth. Over the years, the push for renewable energy has been instrumental in bringing new foreign investment projects into the country.
Daniel Álvarez, President of the Executive Hydroelectric Commission of the Lempa River (CEL), recently announced the continuation of state-led renewable projects. This includes the construction of the second state-owned photovoltaic plant, situated in the 15 de Septiembre Hydroelectric Power Plant.
The new photovoltaic project, the second under the Bukele administration, aims to generate around 20 megawatts with solar panels installed on CEL’s hydroelectric plant grounds. Álvarez confirmed that the project has received feasibility approval, and they are currently exploring financing options for its construction in the coming months.
This initiative follows the success of the Talnique Solar plant, operated by Inversiones Energéticas (INE), boasting an installed capacity of 17 megawatts. Talnique Solar, with an investment of $20 million, commenced operations in December 2023, making a significant contribution to El Salvador’s renewable energy landscape.
President Álvarez emphasized that, currently, photovoltaic energy stands as one of the primary sectors attracting investments in the country. As El Salvador continues to prioritize renewable energy, these developments underscore its commitment to a sustainable and cleaner future.
The energy sector in El Salvador has experienced significant growth in recent years, positioning the country as a regional leader in the transition to renewable, cleaner, and more sustainable sources.
According to statistics from the Latin American Energy Organization (Olade), El Salvador has experienced a 160-fold increase in its solar power generation capacity from 2015 to last year, marking a significant transformation towards energy self-sufficiency.
The data also goes in sync with those presented by the General Directorate of Energy, Hydrocarbons and Mines (DGEHM), which indicated that during 2023, photovoltaic plants generated around 539,067.71 megawatt hours (MWh), which represented 7.13 % of the Salvadoran energy matrix.
The dynamism of the sector is reflected in the number of projects executed in recent years. In the last year, for example, more than 35 photovoltaic projects were registered between private and public, which supply the energy demand of 500,000 Salvadoran homes (estimated in one year).
The institution also estimates that the considerable investment of a company in a solar plant could mean savings of up to 50% in the energy bill, with recovery periods of approximately five years, while the useful life of a solar panel is around 20 years.
Recently, the president of the Comisión Ejecutiva Hidroeléctrica del Río Lempa (CEL), Daniel Álvarez, informed that as part of the commitment to renewables, this year they will continue with the construction of projects, among them the second photovoltaic plant of the State, which will be located in the Central Hidroeléctrica 15 de Septiembre.
According to the official, the plant will be built on CEL’s land, specifically on the land of the Hydroelectric Power Plant. The photovoltaic project, which would be the second one executed by the Bukele administration, is expected to generate around 20 megawatts (MW) installed with solar panels.
“We already have the feasibility, we have everything to launch the project. [We are currently seeking financing so that construction can begin in the next few months,” he reaffirmed.
This would join the Talnique Solar plant, operated by Inversiones Energéticas (INE), which has an installed capacity of 17 megawatts thanks to the 29,600 bifacial solar panels placed on a 19-block plot of land.
Is an official site for the assistance and consultancy of investors, exporters or companies interested in expanding their business within the favorable economic and social environment that El Salvador offers in multiple economic industries.
About El salvador solar energy for businesses
As the photovoltaic (PV) industry continues to evolve, advancements in El salvador solar energy for businesses have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient El salvador solar energy for businesses for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various El salvador solar energy for businesses featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
Related Contents
