Guatemala solar battery package

Is Guatemala a good place to invest in solar energy?

Guatemala is the second largest Central American power market, with a goal to increase renewable energy use. Relatively high levels of solar irradiance and large areas of cleared land give the country a strong potential for increased solar energy development.

Why did BMR decide to buy a solar farm in Guatemala?

As part of its evaluation process, BMR determined that the solar farm offered a strong return that was supported by Guatemala’s well-established and stable regulatory system. BMR navigated a complex and cooperative sales process that involved four owners across three legal jurisdictions.

Who builds a solar PV plant in El Salvador & Santa Rosa & Villa Sol?

MPCES has signed a turnkey contract with the Enerland Group for the engineering, equipment procurement, and construction of the plant. Enerland also built the 21.3 MWp solar PV plant Santa Rosa & Villa Sol in El Salvador for MPCES, which commenced operations in early 2023 after just 12 months of construction.

When will a solar PV plant be built?

The construction of the solar PV plant is expected to be completed by mid-2025”, said Stefan H.A. Meichsner, Chief Financial Officer of MPCES. MPCES today owns and operates five power-producing assets across Latin America and the Caribbean with an aggregate capacity of around 79 MWp (proportionate share MPCES: 66 MWp).