The solar power plant is located in Aguadulce district, province of Coclé, Republic of Panamá. At the moment, the facility has 9.9MW installed capacity and the bond will support the expansion of the facility. The solar facility is registered under the Gold Standard, which allows the asset to be used for carbon credits.
This is the first verification work by PCS, and the first Certification in Panama.
Panasolar is a company set up in Panama, in order to develop solar power generation assets in Panama and the local region.
As of late 2019, Panama had 165MW of installed solar generation capacity. A mixture of local and international players are currently developing large amounts of new solar generation assets. Currently, about half of the country’s electricity generation comes from hydropower.
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DATE OF ISSUE |
TYPE OF INSTRUMENT |
SIZE |
JURISDICTION OF ISSUER |
VERIFIER'S REPORT |
ANNUAL REPORT | FURTHER INFORMATION | |
| August 2020 | Use of Proceeds Bond | USD 15 million | Panama | Solar | pre issuance verification |
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