Atlantic Wind Plans $150 Million of Solar Plants in Ecuador
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Atlantic Wind & Solar Inc., the Tucson, Arizona-based renewable-energy developer, won permission to sell electricity from two solar power plants in Ecuador at $400.30 a megawatt-hour, four times the rate of hydropower.
The plants, planned for the northern towns of Lagarto and Tonchigue, will sell power to the Ecuadorean government, Gilles Trahan, chairman and chief executive officer of Atlantic Wind, said in a phone interview today. They will have total generation capacity of 58.4 megawatts and cost $150 million.