MPC Energy inks private PPA for 65 MWp of solar in Guatemala

• Netherlands-based lasting energy business MPC Energy Solutions NV (OSE: MPCES) stated on Monday that it has actually signed a long-term power purchase agreement (PPA) in Guatemala that will certainly sustain its 65-MWp solar PV project and allow its entrance right into the regional market.

The PPA is with Comercializadora de Energia Para el Desarrollo SA, which is a subsidiary of Guatemalan private energy, fine-tuned sugar and also alcohol manufacturer Ingenio Magdalena SA (IMSA Team). The subsidiary will off-take 135 GWh of electrical energy each year under the agreement.

MPCES stated that it start developing the project instantly. The company anticipates to begin building and construction in one year.

"Establishing development tasks in Guatemala shows how MPC Energy Solutions is leading the drive to meet high need for renewable energy in Central America, as nations throughout the region look for to decarbonize energy production," said Fernando Zuniga, Handling Director for Latin America and also the Caribbean at MPC Energy Solutions. "Authorizing the PPA is a testament to our capability of originating new projects and providing customized remedies to leading private off-takers".

The independent power manufacturer says it has actually expanded its operations to eight nations in Latin America as well as the Caribbean region, including projects under advancement, building or operation. The Guatemala project is the biggest PPA for MPCES to date, the company said.