Trina Solar Ltd., the biggest solar manufacturer, will supply U.K. developer Solarcentury Holdings Ltd. with panels for a project being built in central Panama.
Solarcentury’s 9.9 megawatt Divisa project in Cocle province will include 33,000 panels, Changzhou, China-based Trina Solar said Wednesday in a statement. Terms weren’t disclosed.
The $17.8 million project, which Solarcentury began building in February, will sell power into the spot market. It’s being financed with an $11.9 million loan from the Inter-American Investment Corp. and is among a growing number of projects being developed without subsidies.
Solar installations this year in Latin America, excluding Chile and Mexico, may rise to as much as 424 megawatts from 170 megawatts in 2014, according to a Bloomberg estimate.
Solar Power Inc., a renewable-energy company backed by China’s LDK Solar Co., said Tuesday that it will form a joint venture in Panama to build at least 100 megawatts of projects there.