German investor acquires El Salvador solar plant

30 July 2019 - 12:00 am UTC

Germany’s MPC Capital has acquired an in-development 6.5MW solar PV project in El Salvador, according to a 30 July company press release. 


MPC Capital is currently in the process of finalizing the engineering, procurement and construction (EPC) contract and the project financing for the USD 7.5m project with commercial lenders, according to the release.


The project has signed a 20-year USD-denominated power purchase agreement with CAESS, the local subsidiary of the US-energy company AES.


The project was initially developed by regional engineering firm Geo Ingeniería, and local Salvadorean partner Tecnica Internacional.


Construction will begin in 4Q19 and the plant will produce energy from 2Q20. 


This is MPC Capital’s second investment in Central America, after Tilawind, the operational, 21 MW, Costa Rican wind farm it acquired in April 2019.


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