Winning Bid for Solar Power Plant and Energy Storage System
Ssangyong Engineering & Construction (Ssangyong E&C) declared its triumph in securing the final order for a solar power plant and Energy Storage System (ESS) construction and operation project in Haiti. The Haitian Ministry of Economy and Finance (MEF) commissioned this initiative.
Project Details and Financing
The $57 million project encompasses the construction and operation of a 12 MW solar power plant and a 10 MWh energy storage system. The primary objective is to supply electricity to the Caracol industrial park for a five-year duration. Notably, this stable project is financially supported by the Inter-American Development Bank.
Strategic Entry into Caribbean/Latin American Market
This marks Ssangyong E&C’s inaugural venture into the Caribbean/Latin American construction market. The project stands as a significant milestone achieved with the backing of the Global Sae-A group, Ssangyong E&C’s main shareholder. The company envisions using this success as a foundation for future expansion in Latin America, focusing on countries like Costa Rica, Dominica, Guatemala, and Nicaragua.
Global Track Record and Future Goals
Established in 1977, Ssangyong E&C boasts a rich global portfolio, having won 186 projects worth $13.1 billion in 22 overseas countries. The company’s diverse ventures span across Singapore, Indonesia, Vietnam, India, Pakistan, the Middle East, the United States, Japan, and Africa.
Renewable Business Expansion
An official from Ssangyong E&C emphasized that the Haiti solar project signifies the achievement of exploring new markets and engaging in new businesses. The company aims to actively pursue renewable and eco-friendly ventures both domestically and internationally based on this successful venture.
This project not only contributes to Haiti’s renewable energy landscape but also underscores Ssangyong E&C’s commitment to sustainable development globally.
Source：haitilibre.com
