MPC enters Panamanian solar market

May 15, 2023 03:15 PM ET
  • Company and its partners have identified websites and also grid connection capacity for combined 60-70MW
MPC enters Panamanian solar market

MPC Energy Solutions has entered the ground-mounted solar market in Panama, in Latin America.

The company as well as its partners have already determined sites and grid connection capacity for combined 60MW to 70MW with instant start of advancement works and the purpose to expand this regional pipe even more via very own developments along with purchases.

The new development projects will certainly sustain MPC's objective of getting to 800MW of ready-to-build projects in the area by 2025 and also to achieve 1GW sustainable energy assets across Latin America as well as the Caribbean by 2027.

"In line with our organization approach and geographical focus, we are committed to creating projects situated in Panama and other Latin American and Caribbean nations", said managing director Latin America as well as Caribbean of MPC Energy Solutions Fernando Zúñiga.

"It is amazing to see the continuous growth of our varied pipeline as we take further actions in the direction of assisting to accelerate the energy change in the area," he said.

He added that Panama possesses superb solar irradiation, a well-functioning and also fully grown electricity market for independent power producers, PPA and also area market settlements in USD as well as the least expensive price of debt financing in the region.

"These elements are key chauffeurs for our decision to go into the market as well as create financially appealing assets," claimed Zúñiga.

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