Solar power solutions factory in Guatemala

Who is the largest private power producer in Guatemala?

It is also the largest private power producer in Guatemala, covering approximately 8 percent of the country’s total energy consumption with its power generation facilities. MPC Energy Solutions NV initiates the construction of a 65-MWp solar power plant in Guatemala

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 produces sugarcane in Guatemala?

As previously announced by MPCES in February 2023, the production from this facility will be sold to Ingenio Magdalena S.A. (IMSA) under a 16-year fixed-price contract. IMSA Group, the leading producer and exporter of refined sugar in Guatemala, processes 6.5 million tons of sugarcane annually.