MPC Energy Solutions has reached an agreement to sell its stake in the 6.3 MW Los Santos I and the 3.3 MW Santa Rosa & Rosario solar projects in El Salvador. This strategic divestment marks a significant step in the company’s plan to refine its portfolio, with the buyer identified as a Central American private equity fund.
Solar projects Central America: El Salvador Projects
MPC Energy Solutions has successfully sold its interests in two key solar projects in El Salvador. The Los Santos I project, featuring a 6.3 MW solar PV plant and a 2.6 MWh battery energy storage system, was a pioneering development in the country. Operational since 2022 and located in the municipality of El Rosario, La Paz, it was the first of its kind in El Salvador. The construction of such a facility involves a detailed solar panel manufacturing process to ensure efficiency and longevity.
The deal also includes the divestment from the Santa Rosa & Rosario project, a 3.3 MW solar PV plant in the municipality of Santa Rosa de Lima, La Unión, which commenced operations in December 2023. Both projects are underpinned by long-term power purchase agreements (PPAs) with local electricity distributors, ensuring stable and predictable revenue streams. This transaction highlights El Salvador’s growing role in the regional renewable energy market, where neighboring countries like Nicaragua also contribute to a dynamic trade environment.
MPC Energy Solutions to Focus on Larger Solar projects Central America
MPC Energy Solutions sold its stakes in these projects for USD 4 million, realizing a capital gain of USD 1.6 million. A successful transaction of this nature depends on a comprehensive initial assessment, including a detailed solar panel manufacturing plant cost breakdown. This sale is a deliberate execution of the company’s strategy to concentrate on larger projects and platforms in key growth markets.
This isn’t an isolated move; the company has been actively refining its portfolio, as demonstrated by the recent sale of its Planeta Rica solar project and its strategic exit from certain Colombian solar assets. This is part of a broader strategic realignment in Central America, which also includes a proposed sale of assets in Guatemala.
“With the sale of our assets in El Salvador, we are fully executing our new strategy of focusing on larger projects and platforms in key growth markets,” said Martin Vogt, CEO of MPC Energy Solutions. “I’m pleased that we have found a professional and experienced buyer for these two projects, and that we have been able to secure a good return on our investment. The transaction will have a significant and positive impact on our liquidity and allow us to focus on our growth ambitions.”
MPC Energy Solutions’ Portfolio of Solar projects Central America
Following this sale, MPC Energy Solutions continues to operate a portfolio with a combined capacity of 32.6 MW across the Caribbean and Colombia. The company’s forward-looking pipeline remains robust, with 11.1 MW of projects currently under construction in Colombia and a substantial development portfolio of 208 MW across the USA, Colombia, and Panama. The company’s continued activities in Colombia align with the nation’s broader solar initiatives and evolving licensing frameworks.
MPC Energy Solutions remains dedicated to enhancing energy access through low-carbon infrastructure, including solar, wind, and energy storage solutions. The company’s goal is to deliver a positive environmental impact and attractive long-term returns while actively supporting the global transition to renewable energy.
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