MPC Energy Solutions (MPCES) has announced its plans to expand its development services to Panama. By developing ground-mounted solar photovoltaic (PV) projects, the company aims to increase its project portfolio in the region significantly. MPCES, along with its associates, has already identified sites and grid connection capacity for a combined 60-70 MWp. The company plans to grow its pipeline by pursuing its developments and acquisitions in the region.
The new developments and acquisitions in Panama are part of MPCES's larger plan to build 800 MW of ready-to-build projects in the region by 2025. By 2027, the firm's goal is to expand that asset count to 1,000 MW of sustainable energy assets across Latin America and the Caribbean.
Currently, Panama generates 54% of its electricity from hydropower projects. However, the nation has pledged to reach a target of 50% of its electricity generation capacity from renewable energy sources like solar and wind by 2050. MPC Energy Solutions is taking significant steps to support this vision and deliver sustainable energy solutions.
Country updates
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May 08, 2023
Partners Group, EnfraGen enter agreement for 118 MW renewable energy projects in Panama and Costa Rica
EnfraGen, a renewable energy developer and operator owned by Glenfarne Energy Transition, LLC, and Partners Group have entered into an agreement to acquire six assets in Panama and Costa Ric...
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February 06, 2023
Enel Green Power starts construction of 29.87 MW solar PV project in Chiriqui
Enel Colombia has begun building on its 29.87 MW Baco solar photovoltaic (PV) project in Chiriqui province on Panama's western coast. The new solar farm will be built adjacent to the Madre Vieja sola...
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May 27, 2022
SGP BioEnergy plans largest biofuels production facility in Colon and Balboa
A group of companies led by SGP BioEnergy has partnered with the Government of Panama to develop a biofuels production and distribution facility in Colon and Balboa, Panama. The Biorefineria Ciudad D...
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January 13, 2022
Avanzalia Solar starts the commercial operation of 120 MW Penonomé solar PV project in Coclé
Avanzalia Panama, a subsidiary of Avanzalia Solar, has switched online its 120 MW Penonomé solar photovoltaic project located in the district of Coclé in Panama. The project consists of...
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April 26, 2021
Ingeteam to provide O&M for 55 MW Penonome I wind project in Cocle
Ingeteam has won a new contract in Panama to carry out the operation and maintenance (O&M) tasks of the substation of the Penonomé Wind Farm, the first in Panama and one of the largest in C...
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