A $5 million loan from the Inter-American Development Bank (IDB) will enable Corporación Industrial del Norte, SA (Corinsa), to install photovoltaic solar panels on the roofs of its bottling plant buildings in San Pedro Sula, Honduras. The panels will produce 3 MW of zero-emission electricity as part of a project with an overall cost of $10 million.
The project will reduce greenhouse gas emissions by replacing grid electricity with emission-free solar power. In addition, energy efficiency improvements will reduce demand on the electrical grid. The project is expected to generate approximately 53,000 tons of CO2 reductions. Upon project completion, the photovoltaic panels will cover 34,000 square meters of roof and supply about 20 percent of the plant’s electricity needs, making it the largest rooftop industrial scale photovoltaic system in Latin America.
As demand for energy in the region is expected to increase by over 50 percent in the next decade, it’s critical that individual companies make investments in saving energy and produce their own clean energy on-site in order to reduce costs, increase reliability, and decrease fossil fuel consumption.