In 2015, six GET FiT hydropower projects started construction. Following a series
of delays, this represents an important milestone for the Program. The remaining
projects in the portfolio are expected to break ground in 2016, which is vital to meet
the time-bound targets of the Program. Moreover, the first and only biomass (bagasse) project was officially commissioned in July, resulting in the first premium payment being disbursed by the Program. Finally, the solar PV projects awarded support in late 2014 are progressing and one of the two 10 MW solar projects has reached financial close and will commence construction in early 2016.