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    Sol to Sol: MPC starts up El Salvador PV projects totaling 21.3 MW

    Feb. 7, 2023
    The combined 45.7 GWh of solar energy produced by the two plants in the first year is expected to bring in an annual revenue of around $4.4 million. And they will prevent the emission of nearly 112,000 tons of CO2 each year
    Image credit MPC Energy Solutions
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    Dutch sustainable energy provider MPC Energy Solutions has begun operations at its Santa Rosa and Villa Sol solar photovoltaic (PV) plants in El Salvador.

    The plants are sited in the Quezaltepeque region of the country and have a total installed capacity of 21.3 MW. These represent the third and fourth projects in the company’s portfolio to start operations, following the acquisition of Los Santos I in Mexico in February 2022 and the start of energy delivery at Neol CHP in Puerto Rico in January 2023.

    The energy generated will be sold via a 20-year USD-denominated power purchase agreement with CAESS, a subsidiary of U.S. energy firm AES Corporation.

    The combined 45.7 GWh of solar energy produced by the two plants in the first year is expected to bring in an annual revenue of around $4.4 million. Additionally, the projects offer substantial environment benefits, preventing the emission of nearly 112,000 tons of CO2 each year.

    The total investment cost for Santa Rosa and Villa Sol solar PV plants were $24.5 million, with Banco Agrícola, a wholly-owned subsidiary of Bancolombia, providing $18.3 million of project financing under a 15-year amortizing agreement.

    Enerland Group acted as engineering and construction contractor, while MPC Energy Solutions handled construction management services and sourced key components, such as solar panels from Canadian Solar and inverters from Huawei.

    “We are excited to see our Santa Rosa and Villa Sol solar PV plants complete construction and come online just 12 months after financial close,” Luis Marquez, Head of Construction of MPC Energy Solutions, said. “These activations were finalized fully within our established budget, a significant achievement for all parties involved.”

    MPC Energy Solutions is a Netherlands-based provider of sustainable energy and primarily focuses on low-carbon energy infrastructure, including solar and wind farms, and other hybrid and energy efficiency solutions. The company participates in the full project lifecycle of renewable solutions, from early-stage development through construction and operation.

    About the Author

    EnergyTech Staff

    Rod Walton is senior editor for EnergyTech.com. He has spent 14 years covering the energy industry as a newspaper and trade journalist.

    Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

    He can be reached at [email protected]. 

    EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

    Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.