MPC Energy Solutions selects Isotron as EPC contractor for 21 MW solar power plants in El Salvador
MPC Energy Solutions (MPCES) has selected ISOTRON SA, part of Spanish Grupo ISASTUR, as the engineering, procurement, and construction (EPC) contractor for the development and construction of its Santa Rosa & Villa Sol solar photovoltaic (PV) plants in El Salvador, which have a combined capacity of 21.07 MWp.
The construction will commence in September upon financial close with the project financing lender. The solar power plants are fully owned by MPCES and will sell all their generated energy through a 20-year US$-denominated power purchase agreement (PPA) with CAESS, the local subsidiary of US-based energy company AES. The total investment is US$26 million of which 75% is financed through a project financing facility.
Energy production from the Santa Rosa & Villa Sol project is expected to start in 2022. When commissioned, the plants will generate almost 43 GWh a year. The project’s solar power will avoid nearly 11,000 tons of CO2 emissions annually.
