Private Solar Power Offtake Agreement In Guatemala

• MPCES has forayed into the Guatemalan market with a long-term solar power supply agreement
• IMSA Group subsidiary Comercializadora de Energía Para el Desarrollo will procure 135 GWh annually from a 65 MW solar project
• Construction is planned to begin on site in the next 12 months, said MPCES for whom this is the company's largest secured PPA to date

Netherlands based energy producer MPC Energy Solutions (MPCES) has expanded its geographic footprint to Latin America's Guatemala, signing a long-term power purchase agreement (PPA) with the largest private electricity generator and sugar producer Ingenio Magdalena SA (IMSA Group) subsidiary for 135 GWh annual supply.

According to MPCES, IMSA is responsible for supplying 8% of the country's total energy consumption. Its subsidiary and the offtaker Comercializadora de Energía Para el Desarrollo SA will source power from a 65 MW solar project that the Dutch company plans to start construction on, within next 12 months.

"This PPA is a milestone for IMSA Group as it confirms our commitment to help accelerate the energy transition in Guatemala," said IMSA CEO Jorge Leal.

It also happens to be MPCES' largest secured PPA to date. The company said it shows the growing private corporate PPA demand in Central America. Recently it commissioned 21.3 MW solar capacity in El Salvador, contracted to supply power to AES Corporation's local subsidiary (see Latin America PV News Snippets).