The Spanish company Grupo Enerpro has recently opened offices in the Panamanian country. This is a sign of the importance for the Group in the Latin American market is being made a significant investment in the future, in fact is already running a photovoltaic solar plant 10MW, one of the most important projects country’s photovoltaics.

The opening of this office will allow more effectively meet the demands of the Panamanian market for renewable energies.

The office location is:

Scotia Plaza Building, No. 18
Avda. Federico Boyd and Calle 51 floors 9-10-11
Panama City

February 18, 2015 – Grupo Enerpro, specializing in the construction of solar photovoltaic projects, now connects to a 5MW solar plant in the county of Wiltshire (UK).

The plant will be able to  producing clean energy to power about 1,300 homes in the county of Wiltshire. Contributing to prevent the emission of 5,300 tons of CO2 annually. Reducing the use of fossil fuels in the region.

The project has generated approximately 50 direct and indirect jobs during construction work.

This is one of the many projects that the company will connect soon in UK and Panama.

This is the first project of the group in the Central American country. The power plant is 10MW will employ 30.000 solar panels of 300Wp.  The project will generate about 150 direct and indirect jobs.

Currently, the project is in the earthworks phase. The estimated of works duration is three months.

This is an example of the commitment made by the Panamanian government on renewable energy.

Due to the high price of energy in Panama, one of the highest in Latin America, heavily dependent on fossil fuels and abundant hydraulic energy in wet station, but limited during the dry months. This Panamanian country location is ideal for the high incidence of sunlight.

» It notes that Grupo Enerpro, a privately held Spanish company, developed and connected the country´s first unsubsidizes 1 megawatt utility-scale solar proyect to the grid, and it plans to develop ten more projects in 2014.»

The difference in the cost of electricity generated using solar power and electricity generated through conventional sources such as coal or natural gas also varies across regions,”it notes.

“HSBC equity research analysts believe that without considering the favorable effects of policies and supportive
schemes, several states in the U.S. and markets in Europe have already reached retail grid parity.”

It notes that Grupo Enerpro, a privately held Spanish company, developed and connected the country’s first unsubsidized 1 megawatt utility-scale solar project to the grid, and it plans to develop ten more projects in 2014.

It also noted supportive policies in the world’s three biggest economies — the U.S., China, and Japan — and in some
key emerging markets such as Brazil, Peru and Chile.

Brazil recently conducted its first “solar auction” that allocated 123 MW of capacity at an average price of $97.80 per MWh; Peru has mandated solar for 500,000 off-grid homes by 2016; and Chile is the host of numerous largescale solar projects, including the world’s largest “merchant” solar plant — a project built to sell electricity into the open market.

Despite allthis, HSBC says solar stocks still look attractive and offers an upside potential of 61 percent based on long-  term relative price. In the graph below, the red line shows the potential upside on its trend-adjusted price earnings estimates, while the gray line shows the upside based on its price-to-book valuations. Both are key metrics in the world of financial analysts.

HSBC says another key factor is that finance for the solar market and the deployment of modules are both being facilitated by the issue of “green bonds” and the floating of numerous YieldCos, which offer attractive rates of return for investment in solar projects.

The solar market is forecast to grow 16 percent a year, and the twelve-month forward consensus earnings growth forecast for Global Solar is 87 percent. HSBC notes that while in 2013, its climate change index was dominated by the energy efficiency and energy management subsectors, it is the low-carbon energy production index that has taken the lead in 2014.

Apart from solar, the wind index has delivered a return of 16.5 percent so far in 2014, while other renewables including the categories Diversified Renewables and

Hydro/Geothermal/Marine are up 9.9 percent and 8.9 percent, respectively.

«Grupo Enerpro has completed Spain´s first unsubsidized utility-scale 1Mw solar plant, and it plans a furhter 10 projects this year» That will also forgo any public subsidies. In another first, October saw the inauguration of Spain´s first offshore wind installation, a 5MW prototype installed by Spanish developer and manufacturer Gamesa off the island of Gran Canaria.

Competitive bidding programs, subsidy reductions and unsubsidized projects continue to signal a shift away from fixed tariff support , while energy policy reviews have started to move beyond Europe.