Morovis Solar PV Park is a 51MW solar PV power project. It is planned in Morovis, Puerto Rico. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2023.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 51 | – | 51 | Permitting | Morovis, Puerto Rico | Morovis Solar; X-ELIO Energy |
|---|
Description
The project is being developed by Morovis Solar and X-ELIO Energy. The project is currently owned by Morovis Solar.
Morovis Solar PV Park is a ground-mounted solar project.
The project is expected to generate 64,561MWh of electricity. The project cost is expected to be around $78.171m.
Development Status
The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2023.
Power Purchase Agreement
The power generated from the project will be sold to Puerto Rico Electric Power Authority under a power purchase agreement for a period of 25 years. The offtake capacity is expected to be 33.5MW.
About X-ELIO Energy
X-ELIO Energy SL (X-ELIO), formerly Gestamp Solar, is a renewable energy company. The company constructs, design, develops, installs, finances and operates solar photovoltaic plants. It offers services such as site selection, feasibility studies, project definitions, construction, transport and assembly, negotiations and project legalization. X-ELIO also provides monitoring, operation and maintenance, project design and investment analysis services. The company is owned by Brookfield Renewable Partners LP and KKR & Co Inc. It has operational presence across the Americas, Africa, the Middle East, Asia Pacific and Europe. X-ELIO is headquartered in Madrid, Spain.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
