MPC Energy acquires 15.8-MWp solar plant in Mexico

• MPC Energy Solutions NV (OSE: MPCES) announced on Tuesday that it has actually developed an existence in the Mexican renewables market with a set up procurement of Los Santos Solar I (LSSI), a 15.8-MWp functional solar photovoltaic (PV) plant situated in the north state of Chihuahua.

The Amsterdam-based buyer has actually also signed a right of first refusal agreement with the project's designer, Buenavista Renewables, on a potential expansion of the solar farm to concerning 90 MWp. The extension may prepare to integrate in 2023.

"This offer is one more confirmation that we get on track to provide on our project pipeline, implying 177 MW mounted ability as well as USD 40 million of asset-level earnings by the end of 2023," MPC's president Martin Vogt claimed.

LSSI has a power acquisition contract (PPA) in place with German cable producer Leoni Cable as well as the International De La Salle Educational Network. The project, which went live in 2017, has safeguarded 20-year financing from the US Development Finance Corporation (DFC) and the North American Development Bank (NADB).

MPC Energy Solutions expects to shut the procurement in the very first quarter of 2022.

The deal is including a 6th nation to MPC's operations across Latin America as well as the Caribbean. The renewables system, released in very early 2021 by German possession supervisor MPC Capital, has other projects in El Salvador, Colombia, Jamaica, Puerto Rico and also, considering that September, in the Dominican Republic.