El Salvador industrial park to add 8 MW of solar PV with $8m IDB Invest loan

IDB Invest, a member of the Inter-American Development Bank (IDB) Group, will support the expansion and installation of 8 MW solar rooftop at an industrial park in El Salvador with an $8m loan.

The financing has an 11-year tenor and will allow American Industrial Park SA de CV (AIP) to build more space, improve logistics and wastewater management and complete the installation of solar PV arrays for on-site energy use. This will be in addition to the 14.5 MW of installed rooftop solar PV, which supplies electricity to its clients, providing 38% of the park’s electricity consumption.