MPCES Partners with IMSA for Guatemalan Energy Market

Published on:
by KnowESG
KnowESG_MPC Energy Solutions
Picture of a solar farm operated by MPC Energy Solutions.

MPC Energy Solutions (MPCES) has recently signed a long-term power purchase agreement (PPA) with Comercializadora de Energía Para el Desarrollo S.A., a subsidiary of the IMSA Group. This move marks MPCES's entry into Guatemala, where IMSA Group is the top producer and exporter of refined sugar, alcohol, and energy.

MPCES plans to develop a solar photovoltaic (PV) project in Guatemala with an installed capacity of 65 MWp. The project's construction is set to begin within a year, and the off-taker will be a subsidiary of the IMSA Group.

The IMSA Group is the country's leading private energy producer and processes 6.5 million tonnes of sugarcane annually, supplying 8% of Guatemala's total energy consumption. The group has an annual turnover of approximately USD 500 million.

The new project is part of MPCES's growing business in Latin America and the Caribbean. The company already has projects in development, under construction, or running in eight countries. This project is the largest secured PPA for MPCES and reflects the increasing demand for private corporate PPAs in Central America.

Fernando Zuniga, the Managing Director for Latin America and the Caribbean at MPCES, emphasised that this project demonstrates the company's ability to meet the growing demand for renewable energy in Central America. He also said that the PPA signing is proof of their capacity to create new projects and deliver tailored solutions to leading private off-takers.

Jorge Leal, CEO of Ingenio Magdalena S.A., said: "We are excited to partner with MPC Energy Solutions on this important and innovative project. This PPA is a big deal for IMSA Group because it shows that we are committed to helping Guatemala speed up the energy transition. We believe this can be the starting point of crucial cooperation between our two companies."

For more company-related news

Source: MPC Energy Solutions

Share:
esg
esg
esg
esg

Companies Headlines

EOS Commits to Net Zero by 2045 with Science Based Targets

EOS Commits to Net Zero by 2045 with Science Based Targets

BlackRock Off Texas Blacklist After Climate Policy Exit

BlackRock Off Texas Blacklist After Climate Policy Exit

Leeds Welcomes Royal Mail's First Fully Electric, Zero-Emission Delivery Office

Schneider Electric Kicks Off Impact Buildings Programme in Dubai

World’s First CO2 Capture Filter Gigafactory Opens in BC

BKV, CIP Form Joint Venture to Invest $500M in Carbon Capture

Amazon Says Net Zero Pledge Unchanged by Trump Policies

£16m Recycling Facility Set to Modernise UK's Waste Sector

Ex-Tesla Worker on Getting Fired and Calling Out Elon Musk

Enagás, Calcinor Partner to Cut 900,000 Tonnes of CO2 Annually