MPC Solutions enters Guatemala with 65MW PPA with sugar producer

Facebook
Twitter
LinkedIn
Reddit
Email
A solar project from Canadian Solar in Brazil, one of the most promising Latin American markets for solar PV. Image: Canadian Solar via Twitter.

Renewable energy developer MPC Energy Solutions has signed a long-term power purchase agreement (PPA) with sugar cane exporter IMSA for a 65MW solar PV plant in Guatemala.

The agreement was made for the power of the plant with sugar cane processor and exporter Ingenio Magdalena S.A (IMSA) subsidiary Comercializadora de Energía Para el Desarrollo S.A.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

It marks MPC Energy’s entry into the Guatemalan market, having already established a presence across Latin America and the Caribbean.

Project development will begin immediately and construction of the plant is set to start within twelve months. IMSA Group is the largest private energy producer in Guatemala and supplies around 8% of the country’s power, it claimed.

Fernando Zuniga, managing director for Latin America and the Caribbean at MPC Energy Solutions said: “Establishing development activities in Guatemala demonstrates how MPC Energy Solutions is spearheading the drive to meet high demand for renewable energy in Central America, as countries across the region seek to decarbonize energy production.”

PV Tech reported in March last year that solar PV represents the most cost-effective route to decarbonisation for Central American countries, as the International Renewable Energy Agency reported that installations must double in the next decade.

A recent policy change in Mexico supporting a state owned solar-plus-storage project was hailed as a shift in thinking for the country last month, which is one of the largest markets in the region.

27 June 2024
9am BST
FREE WEBINAR -This special webinar will take a deep dive into the latest PV ModuleTech Bankability Ratings pyramid, capturing the relative bankability status of the top 70-80 PV module suppliers globally. In addition to revealing the latest ranking of global PV module suppliers, PV Tech’s Head of Research, Finlay Colville, will show the depth of analysis and commentary included within the report for module suppliers. A key output from the webinar will be to learn which PV module suppliers have moved up the rankings pyramid in recent years and why this growth has been achieved. Conversely, some of the companies that have fallen down the rankings will be discussed, in particular those suffering from market-share losses and financial problems.
8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
11 March 2025
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

Read Next

June 21, 2024
UAE state-owned renewable energy developer Masdar has reached an agreement to buy 67% stake in Greece's Terna Energy.
June 21, 2024
NextEra Energy Resources has begun construction of a 310MW solar PV plant in Texas, US, offering power to INEOS Olefins & Polymers USA.
June 21, 2024
LONGi has announced a commercial M6 size wafer-level silicon-perovskite tandem solar cell with 30.1% efficiency at Intersolar Europe 2024.
June 21, 2024
Solar PV is expected to generate 20% of global power across midday peaks on the summer solstice in the northern hemisphere, up from 16% in 2023.
Premium
June 21, 2024
PV Tech Premium talks to Nextracker president Howard Wenger about the company's business, expansion plan and R&D spending. 
June 20, 2024
Singaporean state-owned energy company Sembcorp has completed the acquisition of 245MW of renewables projects in Vietnam.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia