CHICAGO, Oct. 20, 2022 /PRNewswire/ -- Invenergy, the largest privately held global developer, owner, and operator of sustainable solutions, has reached commercial operations at the Energía del Pacífico(EDP) LNG-to-power project, located at the Port of Acajutla in El Salvador. The completion of EDP is a major uplift in electric reliability and lower emissions through natural gas supply to the Central American region. The project represents the country''s largest ever private foreign direct investment and is providing clean and reliable power to meet up to 30% of El Salvador''s energy demand.
By shifting a significant amount of power supply to natural gas, EDP reduces El Salvador''s reliance on diesel and heavy fuel oil-fired power generation, offsetting 600,000 tons of carbon dioxide emissions per year, and provides grid support to facilitate more renewable energy penetration, further diversifying the country''s energy mix.
The commercial operations milestone for the state-of-the-art, historic energy infrastructure project was achieved in the spring of 2022, despite significant obstacles as a result of the worst global pandemic in modern history. These challenges included supply-chain disruptions, travel restrictions, airport closures, and global financial volatility. Despite these unprecedented circumstances, EDP maintained the highest standard of COVID-19 health and safety protocols during construction to deliver the project.
The project is comprised of a 380-megawatt (MW) natural gas-fired power plant, a permanently moored floating storage regasification unit (FSRU), a 1.8-km subsea pipeline that connects the power plant to the FSRU, and two 230-kV electric transmission lines, one of which connects to the Central American Electrical Interconnection System, providing added grid reliability to the region and opening further opportunities for renewable energy in El Salvador.
The more than $1 billion transformative infrastructure project, the largest-ever private investment in El Salvador, was financed by leading global financial institutions U.S. International Development Finance Corporation, International Finance Corporation, IDB Invest, Finnish Export Credit Ltd and KfW IPEX-Bank.The project, which commenced building in early 2020, employed over 2,000construction workers and its operations employ 80 people today. EDP has long-term contracts with seven local electric distribution companies under power purchase agreements.
"EDP marks a step change in the clean energy transition in Central America and for our work as innovators building a sustainable world. Bringing our landmark Energia del Pacifico project online during the pandemic is nothing short of remarkable and is a testament to Invenergy''s expertise and perseverance and remains a shining example of the opportunities that can be created when private initiatives have strong local government support." said Michael Polsky, Invenergy Founder and Chief Executive Officer. "I am proud of Invenergy''s leadership in delivering a clean energy future for El Salvador."
Invenergy served as lead developer of the EDP project with the support of El Salvador-based partners Grupo Calleja, VC Energy de Centroamerica and Quantum Energy. To construct the project, Invenergy worked with a consortium of global project partners including BW LNG, BW Offshore, SAAM Towage, Boskalis, Wärtsilä, Elecnor, and Shell.
The project''s construction and commercialization are already strengthening the Salvadoran economy. EDP supports local Acajutla communities through investments of $500,000 per year in economic and social development projects. Multiple social impact projects have already been completed, including the remodeling of schools and community centers, paving central roadways, electrification of homes and businesses, and infrastructure improvements, such as a new sewage and wastewater treatment plant. EDP is also committed to the environment and biodiversity in the region and helped create 150 artificial reefs, hosts educational workshops to promote the conservation of local ecosystems, supports local fishing cooperatives, among other environmental initiatives.
Invenergy drives innovation in energy. Invenergy and its affiliated companies develop, own, and operate large-scale renewable and other clean energy generation and storage facilities in the Americas, Europe and Asia. Invenergy''s home office is located in Chicago, and it has regional development offices in the United States, Canada, Mexico, Spain, Japan, Poland, and Scotland.
Invenergy and its affiliated companies have successfully developed more than 30,000 megawatts of projects that are in operation, construction or contracted, including wind, solar, transmission infrastructure and natural gas power generation and advanced energy storage projects. Learn about Invenergy at Invenergy .
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Additionally, the project, which started in 2013, represents a critical shift to cleaner energy production because it will replace heavy fuel oil power generation and offer flexibility needed to support increasing utilization of renewable energy into the national grid.
The flexible baseload power plant will be able to produce power when it is needed for as long as it is needed with reliable efficiency. The plant will be able to react quickly to demand changes in the system as well as variability challenges caused by changes in wind and solar supply. As renewable energy declines based on weather patterns, this power plant will be the first to respond and ramp up.
"Another unique feature of this flexible power plant will be the ability to produce energy efficiently even at partial loads," Sampo Suvisaari, Wärtsilä Energy Business Director for Latin America North said. "This type of project is an exciting development for us as innovators and as partners in the energy transition in El Salvador."
In 2019, Invenergy, a U.S.-based global developer and operator of sustainable energy solutions, became the major shareholder of Energía del Pacifíco. Invenergy has successfully developed more than 25 GW of power generation projects, including natural gas, wind, solar, and advanced energy storage facilities. Under the Invenergy ownership, the first challenge to be tackled was to conceive a viable technical solution for the LNG importing terminal. Ultimately, Energia del Pacifico determined that the most practical and cost-effective solution was a permanently moored Floating Storage and Regasification Unit (FSRU) converted from an existing LNG carrier.
"For the power plant, the Wärtsilä Flexicycle solution was ideal, since it has greater flexibility than a combined cycle gas turbine solution to quickly respond to the electric grid''s changing needs. It is a victory for cleaner, more efficient power generation," Joel Schroeder, Vice President of Thermal Engineering, at Invenergy said.
Additionally, more than 1400 workers are employed in El Salvador on the Energía del Pacifíco project. Upon completion, 80 full-time, permanent jobs will be created to operate and maintain the power plant, the FSRU, and the accompanying infrastructure. The new plant will support the reliability of the electricity grid, while its fast-starting flexibility will also promote easy integration of renewable energy into the system.
Wärtsilä Energy in briefWärtsilä Energy leads the transition towards a 100% renewable energy future. We help our customers in decarbonisation by developing market-leading technologies. These cover future-fuel enabled balancing power plants, hybrid solutions, energy storage and optimisation technology, including the GEMS energy management platform. Wärtsilä Energy''s lifecycle services are designed to increase efficiency, promote reliability and guarantee operational performance. Our track record comprises 74 GW of power plant capacity and more than 80 energy storage systems delivered to 180 countries around the world. https://
Wärtsilä in briefWärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2019, Wärtsilä''s net sales totalled EUR 5.2 billion with approximately 19,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki. https://
A photo accompanying this announcement is available at https://
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