MPC Energy hires Isotron to develop 21 MW of solar parks in El Salvador

Sep 2, 2021 07:23 PM ET
  • Isotron SA, part of Spanish group Isastur, has won the contract to construct the Santa Rosa & Villa Sol solar energy plants in El Salvador with an incorporated capability of 21.07 MWp.

The news was announced today by the proprietor of the project, MPC Energy Solutions (MPCES), which will invest USD 26 million (EUR 22m) in total. Concerning 75% of that sum will certainly be covered by a project funding facility.

As the newly-appointed engineering, purchase and also construction (EPC) professional, Isotron will certainly begin constructing works this month with the goal of completing the solar parks in 2022. When up and running, they are approximated to produce virtually 43 GWh a year. Their entire result will be marketed to CAESS, the neighborhood subsidiary of US energy business AES Corp (NYSE: AES), under a 20-year USD-denominated power purchase agreement (PPA).

MPCES anticipates at the very least USD 3.5 million in a yearly revenue payment from the solar farms.

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