MPC Energy Solutions (MPCES), has completed the acquisition Los Santos Solar I, located in the Mexican state of Chihuahua.
The plant has been operational since 2017, and has a capacity 15.8 MWp. It also has the potential to expand to 90 MWp. The project has a USD denominated power purchase agreement (PPA), with Leoni Cable (a German cable manufacturer) and the International De La Salle Educational Network. The U.S. government’s Development Finance Corporation (DFC) and the North American Development Bank (NADB) provided a 20-year project funding.
“Los Santos Solar I contributes towards Mexico’s goals of achieving 50 percent of electricity generation from clean energy by 2050 and reducing the levels of greenhouse gas emissions by 50 percent,” says Martin Vogt, CEO of MPC Energy Solutions. “We are pleased with the swift completion of this project acquisition that marks our first operational asset in Mexico. We would like to thank Buenavista Renewables (BVR) for their excellent cooperation during this process and we are looking forward to a continued collaboration for the future expansion of this project.”
According to the International Energy Agency, 18.8% of Mexico’s total electricity production was generated by renewable power sources in 2020. This is an increase of 28.55% in renewables power generation compared to 2015.
“We are excited to have our first operational project in the portfolio reinforcing our commitment to assist Latin America diversifying its energy mix towards cleaner sources and helping create resilience in the region,” adds Martin Vogt.