Total Eren finalizes and signs its PPA with ENEE in Honduras

Total Eren has just signed an ambitious contract with ENEE, which will give greater accessibility in terms of electricity supply to the 435,000 people of Honduras through the implementation of the San Marcos wind project. This project will help change the energy supply model towards more use of renewable sources while significantly improving the resilience of the system to natural disasters.

On February 14, 2023, Total Eren finalized and signed the new terms of the 25-year Power Purchase Agreement (PPA) concluded between the Honduran national electricity company ENEE (Empresa Nacional de Energía Eléctrica), and the wind project company “San Marcos Wind Energy”. It will allow ENEE to benefit from the lowest tariff for the sale of electricity from renewable sources in the country.

 

À lire aussi sur energynews.pro

Construction and reinforcement of electrical networks

Under the agreement, San Marcos Wind Energy will be responsible for reinforcing the country’s electrical transmission network by building approximately 95 km of 230 kV transmission line from the department of Choluteca to the department of Francisco Morazán, constructing a new 230 kV substation and carrying out work on existing substations.

 

A sustainable electricity supply for Hondurans

With a total capacity of 112 MW, this project will eventually produce approximately 500 GWh per year, enough to supply 460,000 people in Honduras while saving 390,000 tons of CO2 emissions per year. Fabienne Demol, Executive Vice President and Director of Global Development said: “We are delighted to have signed this contract which will provide Hondurans with a sustainable source of energy at an affordable price.

 

A step towards Central America

Martin Rocher, Vice President of the Americas activities at Total Eren said: “The San Marcos project is a great step forward for the Honduran people as it brings an uninterrupted source of energy supply”. This project “will contribute to change the energy supply model towards more renewable sources while improving the resilience of the power grid to natural disasters”.

Energy prices expected to fall in 2024, despite a global rise

By 2024, electricity and gas prices in France are set to fall, thanks to recent government reforms and market adjustments. However, they will remain above the pre-crisis levels of 2021-2022, highlighting the persistent challenges and strategies needed to stabilize the energy sector in a post-crisis context.

Renewable energies

ERG expands its renewable activities in the United States

ERG recently strengthened its presence in the US renewable energy market with the acquisition of 75% of a portfolio comprising a wind farm and a solar farm, adding 317 MW to its portfolio. This expansion marks a new era of growth and diversification for ERG.

EU and UNIDO initiatives to boost hydropower in Nigeria

Two new projects to promote the development of small hydropower plants and the circular economy have been launched in Nigeria, a European Union (EU) initiative implemented by the United Nations Industrial Development Organization (UNIDO).

upcoming event