MPC Energy Solutions has reached an agreement to sell its solar projects in El Salvador and Guatemala, with a combined capacity of 87.4 MWp.
Sale of Central American Solar Portfolio After El Salvador solar divestment
MPC Energy Solutions (MPCES) has agreed to sell its solar portfolio in Central America, which includes projects in El Salvador and Guatemala, with a combined capacity of 87.4 megawatts peak (MWp). The buyer, an established Panamanian energy group, will take over the assets, marking a significant shift in ownership for these renewable energy projects. This move is notable as MPCES has been a key international company with significant solar operations in El Salvador.
The transaction, valued at approximately USD 27 million, involves operational solar projects that benefit from long-term power purchase agreements (PPAs) with local electricity distributors, ensuring a stable revenue stream for the new owner. The sale is expected to close in the second quarter of 2026, subject to regulatory approvals and other customary conditions. This divestment occurs as El Salvador continues to expand its renewable energy capacity, part of a broader trend of stunning solar growth in the country.
Strategic Focus on Caribbean Market Following El Salvador solar divestment
MPC Energy Solutions’ decision to sell its Central American assets is part of a broader strategy to concentrate its efforts on the Caribbean market. The company has already made significant investments in the region, including the recently acquired 44 MWp Monte Plata solar project in the Dominican Republic and the 10 MWp Ciudad Modelo solar project in Puerto Rico.
In addition to these assets, MPCES is developing several other projects in the Caribbean, including the 34 MWp Planeta Rica solar project in Colombia and the 11 MWp St. Kitts solar project. The company is also working on the 10 MWp La Vega solar project in Jamaica and the 4 MWp San Pedro solar project in Belize.
“The sale of our solar projects in El Salvador and Guatemala is a strategic move that aligns with our focus on the Caribbean market,” said Martin Vogt, CEO of MPC Energy Solutions. “We are committed to expanding our footprint in this region and are excited about the opportunities ahead. The proceeds from this transaction will allow us to accelerate our growth and continue to invest in new projects that support the global energy transition.”
Growing Demand for Renewable Energy in the Caribbean Post El Salvador solar divestment
The sale of the Central American projects will provide MPCES with the financial resources needed to accelerate the development of these new projects. The company plans to invest the proceeds from the sale into expanding its Caribbean portfolio and will also distribute a significant portion to shareholders, while retaining reserves for future obligations.
The Caribbean market offers significant growth potential for renewable energy. With abundant sunshine, the region is well-suited for solar power generation, and there is a growing demand for clean energy solutions to reduce reliance on imported fossil fuels. While nations like El Salvador are pursuing their own ambitious leaps into renewable energy, MPCES has identified the Caribbean as its primary growth corridor.
MPC Energy Solutions’ focus on the Caribbean aligns with global trends, as countries in the region increasingly look to renewable energy to meet their energy needs and reduce greenhouse gas emissions. The company’s projects will contribute to these efforts, providing clean and reliable energy to support economic growth and sustainability.
Future Prospects for MPC Energy Solutions After El Salvador solar divestment
MPC Energy Solutions plans to further expand its Caribbean footprint by developing new solar and wind projects in key markets. The company is also exploring opportunities for battery storage projects, which are becoming increasingly important as the share of renewable energy in the grid continues to grow. This expansion is made more viable by continuous improvements in the solar panel manufacturing process, which helps drive down costs and increase efficiency.
With its proven track record and strong pipeline of projects, MPC Energy Solutions is well-positioned to play a leading role in the Caribbean’s renewable energy transition. The company’s strategic focus on the region, combined with its expertise in project development and execution, will enable it to capitalize on the growing demand for clean energy in the Caribbean.
The sale of the El Salvador and Guatemala projects marks an important milestone for MPC Energy Solutions, as it refocuses its efforts on the Caribbean market. The proceeds will provide the company with the financial resources needed to accelerate its growth and continue to develop new renewable energy projects, reinforcing its commitment to the region.
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