Agua Fria-PRODERSSA is a solar project in Honduras with capacity of 59 MW. Situated in the municipality of Nacaome in the Valle Department of Honduras, the Agua Fria plant is located in a very favourable region with high sun exposure.The solar plant will be part of a first initiative to install grid scale, renewable, solar capacity in Central America.
Investors include KLP Norfund Investments AS, Scatec Solar and local developer PEMSA.
About KLP Norfund Investment AS
Norfund (the Norwegian Investment Fund for Developing Countries) is owned by the Ministry of Foreign Affairs and serves as an instrument in Norwegian development assistance policy. The fund contributes to poverty reduction and economic development through investments in profitable businesses and transfer of knowledge and technology. Norfund and KLP, Norway's largest life insurance company, have established a facility for co-investments in renewable energy.
About Scatec Solar (Scatec)
Scatec Solar (“Scatec”) is an integrated independent power producer, aiming to make solar a sustainable and affordable source of energy worldwide. The fast-growing company develops, builds, owns and operates utility scale solar power plants. Scatec covers all aspects of a PV project from project development and securing permitting rights, via design and EPC to the final commissioning and operations of the solar plant. Headquartered in Oslo, Norway, the Group currently has operating subsidiaries in France, the Czech Republic, USA, Rwanda, Japan, Jordan and South Africa, with close to 100 employees and a broad industrial network.
About the Local Sponsor (PEMSA)
Potencia y Energía de Mesoamérica S.A. (“PEMSA”) is a Honduran holding company, founded in 2010, with the aim of developing power and energy projects in Honduras.