Honduras is the leading country in the region in solar energy

in manufacturing operations closer to the U.S. market (near shoring). Honduras is a country rich in possibilities, even more so now that there is great interest from North American industry and companies to produce closer to the United States.

In June of last year, the U.S. Government, as part of the Call for Action program that seeks to generate jobs in this region to mitigate migration, announced that major companies with operations in China want to invest more than US$ 3 billion dollars to relocate manufacturing centers to our region.

To describe a little of the process cycle, in our current La Vegona generation plant, during the day a solar plant would feed a pumping equipment that would raise water from a reservoir located in a lower plane to reservoirs more than 200 meters above sea level. During the night or when required by the demand of the national grid, this stored water (which in reality has been transformed into stored renewable energy), would be released to be used in hydroelectric turbines to generate and inject energy into the national grid. This provides a stable and reliable supply 24 hours a day.

With the La Vegona hydroelectric generation project, we have participated nationally and internationally in conferences presenting our success story in the implementation of the environmental and social standards of the International Finance Corporation (IFC). Today, the IFC’s social and environmental standards have been gradually adopted by investors and local banks for the construction and operation of new projects.