MPC Capital states building and construction total on 6.4-MWp El Salvador solar farm
- Hamburg-based property manager MPC Muenchmeyer Petersen Capital AG (ETR: MPCK) on Tuesday introduced that the construction of its 6.4-MWp San Isidro solar project in El Salvador had actually been finalised.
The USD-7.8-million (EUR 6.4 m) solar farm is scheduled to reach commercial procedure day (COD) in early 2021. As soon as online, the plant will certainly run under a 20-year USD-denominated power purchase contract (PPA) signed with CAESS, a subsidiary of US power company AES Corp (NYSE: AES).
MPC Capital moneyed the project with MPC Caribbean Clean Energy Fund LLC and hired Latin American solar and also energy efficiency expert Enertiva SA to offer design, purchase and also construction (EPC) solutions.
With building over, the San Isidro solar farm currently enters into the investment portfolio possessed by MPC Caribbean Clean Energy Fund, the German firm stated.
"San Isidro is only our very first project in the El Salvador, and we protected added PPAs for additionally 20 MWp that we will construct in 2021. Our goal is to have an operational portfolio of at least 50 MWp by the end of 2022," included Martin Vogt, Managing Director of Renewable Energies at MPC Capital.