Pro-Renewables Policy
Fast-track permits, simplified environmental licensing, attractive feed-in tariffs and tax incentives — ratified under the re-elected government.
MEPSI Solar Farm SFPM
MEPSI Solar Farm SFPM
Investment Teaser · Ecuador · South America
A 62 MWp utility-scale solar PV project in Imbabura, Ecuador — backed by a 25-year fixed feed-in tariff of $83.6/MWh in a fully dollarized economy.
Located in Imbabura, Ecuador, on a secured 45-hectare site at 1,800–1,960 m above sea level, directly on the equatorial line — one of the best regions in the world for Direct Normal Irradiation (DNI) and Global Horizontal Irradiation (GHI).
Ecuador faces an unprecedented energy crisis: a 1,500 MW deficit and a 6-year backlog of major projects. Economic growth and the expansion of the mining and port sectors have outpaced existing energy infrastructure, creating urgent demand for sustainable power.
Fast-track permits, simplified environmental licensing, attractive feed-in tariffs and tax incentives — ratified under the re-elected government.
US-dollar economy eliminates currency exchange risk, with no repatriation taxes on revenue dividends.
A highly experienced local development team with a proven track record navigating Ecuador's regulatory landscape.
Land purchase agreement finalized — a strategic location with unbeatable proximity to the substation for cost-effective interconnection.
Backed by Ecuador's new energy regulations with a fixed feed-in tariff of $83.60/MWh under a 25-year PPA.
Construction expected to complete within 12 months of financial closure, enabling rapid revenue generation.
Ecuador's 1,500 MW energy deficit and 6-year project backlog create urgent, sustained demand for new power — a unique window for this project to address the nation's needs.
Ecuador has significant potential for Direct Normal Irradiation (DNI) and Global Horizontal Irradiation (GHI) due to its geographic location on the equatorial line. SolarGIS TMY multi-year weather data; global variability (weather + system) of 2.7% (quadratic sum). 109 GWh/yr used conservatively for cash-flow analysis.
| E_Grid simul / P50 | 125.34 GWh |
|---|---|
| P90 | 121.02 GWh |
| P95 | 119.80 GWh |
| Variability | 3.38 GWh |
| Year-to-year variability | 2.0% |
|---|---|
| PV module modelling/parameters | 1.0% |
| Inverter efficiency | 0.5% |
| Soiling & mismatch | 1.0% |
| Degradation | 1.0% |
| Climate change | 0.0% |
| Global variability | 2.7% |
| CAPEX | US$ 40.5M |
|---|---|
| Installed Capacity | 62 MWp |
| Average Annual Production | 103 GWh |
| Cycle Hours | 5.11 |
| Solar PV Module | 620 W |
| Number of Panels | 120,016 |
| Transmission Line | 200 meters |
| Transmission Line Voltage | 230 kV |
| Equity Requirement | US$ 8.14M |
|---|---|
| Debt Facility | US$ 32.5M · 10-year term + 1 grace |
| Expected Equity IRR | > 18% – > 20% |
| Concession | 25 years |
| Feed-in Tariff | $83.60/MWh · concession life |
| LCOE | $64/MWh |
| Land Rights | Sale agreement with owner |
| COD | ≤2 years |
Indicative LCOE ranges in USD/MWh. The project is highlighted against comparable generation and storage technologies.
EBITDA, EBIT, taxes and net income per year over the 25-year concession · BE $7.44M.
MEPSI finalizes pre-feasibility studies to apply for the necessary permits under regulation 006/24.
Upon feasibility completion, the government awards the interconnection point for 18 months, during which all technical and financial aspects are defined.
Detailed engineering design completed; final permits and project financing secured simultaneously.
Through a transparent tender, the EPC contract is awarded to best-in-class companies.
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