MPC Energy Solutions expands its development footprint in Latin America, signs first development service agreement in Panama

MPCES and its partners have already identified sites and grid connection capacity for combined 60-70 MWp with immediate start of development works and the aim to grow this local pipeline further through own developments and/or acquisitions. The new development projects will support the company's goal to reach 800 MW of ready-to-build projects in the region by 2025 and to achieve 1,000 MW of sustainable energy assets across Latin America and the Caribbean by 2027. MPCES and its partners have...

MPCES and its partners have already identified sites and grid connection capacity for combined 60-70 MWp with immediate start of development works and the aim to grow this local pipeline further through own developments and/or acquisitions. The new development projects will support the company's goal to reach 800 MW of ready-to-build projects in the region by 2025 and to achieve 1,000 MW of sustainable energy assets across Latin America and the Caribbean by 2027.

"As Panama's government looks to decentralise and diversify its energy generation, we are committed to contribute to the expansion of the country's green energy sources. Panama possesses excellent solar irradiation, a well-functioning and mature electricity market for independent power producers, PPA and spot market settlements in USD and the cheapest cost of debt financing in the region. These factors are key drivers for our decision to enter the market and develop economically attractive assets," says Fernando Zúñiga.

Panama has made significant strides in developing hydropower projects, producing 54% of its electricity through hydroelectric power. To accelerate its commitment to tackling climate change, increasing the country's resilience, and meeting its growing energy demands, Panama has pledged that 50% of the country's generation capacity will come from renewables by 2050, including solar and wind.

About MPC Energy Solutions
MPC Energy Solutions ("MPCES") is a global 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. More details at www.mpc-energysolutions.com

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MPC Energy Solutions N.V.
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Norway

Mats Samdahl Weltz
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Montieth & Company
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Americas

Perry Goldman
Montieth & Company
Phone: +1 (646) 8643568
Email: [email protected]

 

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