NASSAU, BAHAMAS — The Inter-American Development Bank (IDB) has announced the closure of a senior loan for up to $11.2 million to Lucaya Solar Power, marking the first solar plant in The Bahamas financed by IDB Invest under a Power Purchase Agreement (PPA) framework. 

The project represents one of the first utility-scale renewable energy endeavors in the country. Lucaya Solar Power Ltd will sell energy to Grand Bahama Power Company Limited.

The project comprises two solar PV generation systems, each producing 6MW DC (direct current) and 5MW DC, alongside other transmission and interconnection infrastructure located in Freeport, Grand Bahama.

READ MORE CLICK HERE

LEAVE A REPLY

Please enter your comment!
Please enter your name here