Gransolar and local partners, announce the start-up of the PV Plant Sibo S.A. (Sibo), the country’s first utility-scale solar power plant in the Department of Zacapa, in the eastern region of Guatemala. Guatemalan lender Banco G&T Continental (G&T) is providing financing through a non-recourse loan.
The plant consists of approximately 20,320 crystalline silicon solar panels on single-axis trackers, with a total nominal capacity of 5 Megawatts (MW). It is targeted to inject over 12,000,000 Kilowatt-hours (KWh) into the national grid each year, corresponding to the average energy consumption of roughly 10,000 households. Guatemala’s energy distributor, Energuate, will purchase the electricity generated by the plant through a long-term power purchase agreement.