Greenwood Energy Announces PV Project at Chiriqui Hospital in Panama

Panama | September 2, 2015

Today Greenwood Energy announced that it will develop and operate a distributed generation photovoltaic power system with up to 1MW capacity at Chiriqui Hospital in David, Panama. The project will be located on hospital grounds in the municipality of Chirqui, and will provide net-metered power to the 27-year old private establishment. The first phase will involve 500kW capacity distributed in rooftops and carports, and will feature an innovative 30-year power purchase lease. The second phase will add up another 500kW capacity with specific allocations currently under study. A spokesman for Greenwood Energy stated: “Distributed solar PV projects can dramatically improve power reliability for critical infrastructure while cutting power costs, especially when combined with Energy Storage Systems. We are focused on providing energy solutions to large clients in Panama and Central America in order to help decompress transmission networks and allow significant savings in energy costs”. The Chiriqui Hospital project adds to Greenwood’s expanding solar portfolio across Latin America. In 2014 the company built Panama’s first utility-scale PV project, and completed a 40MW solar project in Chile’s Atacama Region.