El Salvador continues to strengthen its position as a regional leader in renewable energy with the inauguration of a new solar plant in Olocuilta, La Paz Oeste. The Kinich Energy Olocuilta project represents a $44.8 million investment and reflects the country’s broader strategy to promote sustainable development while attracting foreign capital.
Government officials, including Economy Minister María Luisa Hayem and Luis Rodríguez, attended the opening ceremony, highlighting the collaboration between public institutions and private investors. The project is located in the canton of Jayuca and is expected to play a key role in meeting the nation’s growing energy demands.
With an installed capacity of 43.9 megawatts peak and an estimated annual generation of 70,000 megawatt-hours, the solar park will provide electricity to approximately 23,300 households. This expansion comes at a time when energy demand is rising alongside growth in construction and infrastructure development across the country.
Officials emphasized that reliable and sustainable energy is becoming a cornerstone of El Salvador’s economic expansion. According to Rodríguez, strong government backing under President Nayib Bukele has helped drive more than $5.5 billion in private investment within the San Salvador Metropolitan Area, with an additional $3 billion currently in execution.
Minister Hayem noted that renewable energy projects like this one not only strengthen the national energy matrix but also enhance the country’s appeal to international investors. By prioritizing environmentally friendly growth, El Salvador is positioning itself as an attractive destination for businesses seeking both stability and sustainability.