Elecnor building 40 MW of solar farms for AES Panama

Spanish construction group Elecnor SA (BME:ENO) is in Panama now where it is building 40 MW of solar farms, it said Thursday.

The company is working under a EUR-27-million (USD 30.3m) contract for AES Panama, a subsidiary of US electric utility giant AES Corp (NYSE:AES).

The EPC contract encompasses works on four solar projects -- Pese, Mayorca, Cedro and Caoba. All four plants will be equipped with bifacial modules, a novelty on the Panamanian solar market, according to Elecnor.

Two of the four projects have already been finalised. The remainder of the works will be completed by the end of 2022.

AES Panama has interests in 1,141 MW of mostly renewable energy capacity in the Central American country.

(EUR 1.0 = USD 1.122)

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