Ecuador has awarded Dominion a 60 MW solar photovoltaic (PV) project. This is one of the projects granted by the government at the highest auction price of US$66.98/MWh.
Dominion presently supervises the operation and maintenance of a 3.5 MW plant in Ecuador, but this will be the first time the company develops a large-scale project in the country.
The company provides a complete solution, from the financial structure and technical study to operation, maintenance, asset ownership, and long-term exploitation through its subsidiary BAS Projects Corporation.
In the following years, the government aims to boost renewable energy's share of generation from 3% to 15% in the next years.
Country updates
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February 01, 2023
50 MW wind project in Loja nears completion
Elecaustro SA has installed the final of 14 turbine rotors at its 50 MW Minas de Huascachaca wind project, bringing the asset's completion rate to 98%. Currently, 11 wind turbines are being tested and...
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January 17, 2023
Ecuador allocates 345.3 MW of solar capacity in renewables auction
The Ministry of Energy and Mines (MEM) of Ecuador, in its 500 MW renewable energy auction launched in December 2021, has allotted 345.3 MW of solar capacity. At the end of the procurement process, on...
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December 01, 2022
Financing secured for 500 kV Transmission project between Ecuador & Peru
The Inter-American Development Bank (IDB) has approved a US$125 million loan for a 500 kV power line that will help Ecuador and Peru connect their electrical grids.
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September 20, 2022
Polaris closes acquisition of majority stake in 6 MW hydro project in San Jose de Minas
Polaris Renewable Energy Inc. has completed the acquisition of 83.16% of the issued and outstanding shares of an operational 6 MW hydro power project along the Cubi River in San Jose de Minas, Ecuador...
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April 11, 2022
Ecuador extends tender deadline for 400 MW gas-fired plant project
The Ministry of Energy and Non-Renewable Natural Resources (MERNNR) of Ecuador has extended the deadline for the delivery of documentation showing signs of interest by national or foreign companies th...
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