Greenwood Energy’s ɅLMɅ MɅTER Project Begins Commercial Operation
Libra Group’s Latin American renewable energy subsidiary Greenwood Energy begins commercial operation of four solar plants, with a total capacity of 40MWp, under its ɅLMɅ MɅTER project, after being successfully integrated into Panama’s National Interconnected System.
[March 31, 2025] – Greenwood Energy recently reached a major milestone for ɅLMɅ MɅTER, a public-private partnership developing a new utility-scale solar plant in David, Panama. As of this month, the project’s four solar plants with a total capacity of 40MWp have started commercial operation after being successfully integrated into Panama’s National Interconnected System.
ɅLMɅ MɅTER is a renewable education program that combines large-scale clean energy generation with nearly $30M in academic and technical support distributed over 20 years to advance and grow Panama’s renewable energy future. Developed in partnership with Universidad de Panamá (UP), it reduces the carbon footprint of more than 100,000 students, teachers and employees, and promotes the academic development of the institution.
ɅLMɅ’s solar plant is part of the “Framework Agreement for Academic Collaboration and Technical Assistance” signed between GWE and UP through which GWE will provide UP funding to support the continued development of Panama’s renewable energy sector, including scholarship grants, research and development programs, training, internships, laboratory equipment, and more. Once the agreement ends on year 20, ownership of the solar facility will be transferred to UP for remainder of the plant’s life cycle.
This scalable partnership model is the second launched by GWE in Latin America, and will allow UP to become the first public university in Latin America to be entirely powered by renewable energy sources. ɅLMɅ’s solar plant will cover a surface of 40 hectares owned by UP, supplying clean energy to power the university for more than 35 years and preventing 380,000 tons of CO2 emissions during that timeframe.
About Greenwood Energy
Greenwood Energy (www.greenwood.energy), one of the renewable energy subsidiaries of Libra Group, is currently developing or managing close to 180 MW of on-site solar energy systems for public and private sector organizations wishing to offset their energy costs in Latin America, including the first utility-scale project in Panama.
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