By converting a significant part of the power supply to natural gas, the EDP is reduced El Salvador’s Dependence on diesel and heavy oil-fired power generation, which offsets 600,000 tons of carbon emissions per year, and provides grid support to enable greater penetration of renewable energy and further diversify the country’s energy mix.
The milestone for commercial operation of the state-of-the-art, historic energy infrastructure project was reached in spring 2022 despite significant obstacles resulting from the worst global pandemic in modern history. These challenges included supply chain disruptions, travel restrictions, airport closures and global financial volatility. Despite these unprecedented circumstances, EDP has maintained the highest standard of COVID-19 health and safety protocols during construction to carry out the project.
The project consists of a 380 megawatt (MW) natural gas-fired power plant, a permanently anchored floating storage regasification unit (FSRU), a 1.8 km subsea pipeline connecting the power plant to the FSRU, and two 230 kV electrical pipelines Transmission lines, one of which is connected to the Central American Interconnected Electric System, giving the region additional grid reliability and opening up further renewable energy opportunities ElSalvador.
The more than 1 billion dollars transformative infrastructure project, the largest private investment ever ElSalvador, was funded by leading global financial institutions US International Development Finance Corporation, International Finance Corporation, IDB Invest, Finnish Export Credit Ltd and KfW IPEX-Bank. The project, which began construction in early 2020, employed over 2,000 construction workers and now employs 80 people. EDP has long-term contracts with seven local power distribution companies under power purchase agreements.
“EDP marks a critical step in the clean energy transition in Central America and for our work as innovators building a sustainable world. Bringing our landmark Energia del Pacifico project online during the pandemic is nothing short of remarkable and a testament to Invenergy’s expertise and perseverance and remains a shining example of the opportunities that can be created when private initiatives have strong support received from the local government,” said Michael Polski, Founder and Chief Executive Officer of Invenergy. “I’m proud of Invenergy’s leadership in delivering a clean energy future for ElSalvador.”
Invenergy acted as lead developer of the computing project with the support of ElSalvador-based partners Grupo Calleja, VC Energy de Centroamerica and Quantum Energy. In building the project, Invenergy worked with a consortium of global project partners including BW LNG, BW Offshore, SAAM Towage, Boskalis, Wärtsilä, Elecnor and Shell.
The construction and commercialization of the project is already boosting the Salvadorian economy. EDP supports local Acajutla communities with investments of $500,000 per year in economic and social development projects. Several social projects have already been completed, including the remodeling of schools and community centers, the paving of central streets, the electrification of homes and businesses, and infrastructure improvements such as B. a new sewage and sewage treatment plant. EDP is also committed to the environment and biodiversity in the area and has helped create 150 artificial reefs, hosts educational workshops to promote conservation of local ecosystems, supports local fisheries cooperatives and other environmental initiatives.
Invenergy drives innovation in the energy sector. Invenergy and its affiliates develop, own and operate large scale renewable and other clean energy generation and storage facilities in America, Europe and Asia. Invenergy’s home office is located in Chicagoand it has regional development offices in The United States, Canada, Mexico, Spain, Japan, Polandand Scotland.
Invenergy and its affiliates have successfully developed more than 30,000 megawatts of operating, under construction or contracted projects including wind, solar, transmission infrastructure and natural gas power generation and advanced energy storage projects. Learn more about Invenergy at Invenergy.com.
SOURCE Inventory Energy