Greenwood Energy has agreed to purchase solar panels from China-based JA Solar to supply a portion of Greenwood's projects in Latin America.
Under the agreement, JA Solar will supply an initial 50 MW of solar panels for Greenwood projects in Panama. The agreement also contemplates a potential additional commitment of at least 50 MW for other Latin American projects at an agreed price for deployment within 18 months.
The polycrystalline photovoltaic panels will be manufactured in China and have an estimated output of 260 W to 320 W per panel.
‘This agreement is an exciting step forward on our expanding Latin American solar portfolio,’ says Camilo Patrignani, CEO of Greenwood Energy.