Amsterdam-based MPC Energy Solutions NV (OSE:MPCES) said today it has finalised the acquisition of the 15.8-MWp Los Santos Solar I park in Mexico’s Chihuahua state.
MPC bought the solar farm from project developer Buenavista Renewables for an undisclosed sum. As announced in November 2021, the Dutch firm has also signed a right of first refusal agreement with the Mexican developer on a potential extension of the solar farm to about 90 MWp. The extension project may become shovel-ready in 2023.
Los Santos Solar I has been generating power since 2017 and has a power purchase agreement (PPA) in place with German cable manufacturer Leoni Cable and the International De La Salle Educational Network. The project was realised through 20-year debt funding by the US Development Finance Corporation (DFC) and the North American Development Bank (NADB).
"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," said Martin Vogt, CEO of MPC Energy Solutions.
The deal is adding a sixth country to MPC Energy Solutions' operations across Latin America and the Caribbean.
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