Interenergy's Ikakos solar park opens Friday in the western Panamanian province of Chiriquí, on the border with Costa Rica, with an output of 40 megawatts (MW).
According to the Spanish company Gransolar, it once again joined with Cobra Instalaciones y Servicios to build together a photovoltaic project in Panama, "the first Central American country to form a national committee in the World Energy Council".
The Ikakos project was awarded to that consortium for the construction of 40MW divided into 4 solar plants of 10MW each (Ikakos, Ikakos I, Ikakos II and Ikakos III) for Interenergy Holding (IEH), "a pioneer in the generation of electricity through sources of renewable energy in the Caribbean".
The plants were built near the city of David, capital of Chiriquí, about 600 kilometers west of the Panamanian capital.
It had been projected that Ikakos would be connected and start supplying energy to the Panamanian national power grid in December 2017 and its complete build was scheduled for May 2018, according to Gransolar.
"Once completed, it will have the capacity to feed approximately 22,000 homes and save 56,836 tons of CO2 per year, the equivalent of 12,630 automobiles", specified the construction company, founded thirteen years ago in Madrid.
Interenergy is a conglomerate of private capital formed in 2011 and is dedicated to the business of power generation.
Today, it owns and operates energy distribution assets, as well as distribution and fuel logistics businesses in Latin America and the Caribbean; owns and operates businesses in the Dominican Republic, Panama, Jamaica and Chile, according to public information of the company.
In April 2014, this company acquired UEPII, a wind development project located in Penonome (Panama), and immediately began the construction of a 215 MW wind farm, the largest of its kind in Central America.
UEPII now eliminates more than 400,000 tons of CO2 emissions and saves 900,000 barrels of oil per year.
This investment was part of a commitment made by Interenergy at the meeting of the Clinton Global Initiative, held in Rio de Janeiro in December 2013, to expand renewable energy efforts.