en.Wedoany.com Reported - Renewable energy independent power producer MPC Energy Solutions (MPCES) has obtained the final permit for the San Patricio solar PV plant in Jalapa Department, Guatemala, with a capacity of 66.1 MWp, and has now entered the testing and commissioning phase.
The company's largest shareholder is Germany's MPC Capital. According to the company, testing will commence in the coming days and is expected to last approximately two weeks. Upon completion of testing, the plant may receive a Commercial Operation Date certificate in July. Consequently, MPCES has adjusted its original commissioning timeline from the second quarter of 2026 to the third quarter.
During the testing phase and the period prior to obtaining the Commercial Operation Date certificate, electricity generated by the plant can be sold on the spot market. Achieving commercial operation is also a necessary step to advance the closing of the anticipated asset sale transaction.
The schedule delay has resulted in additional debt service payments, on-site personnel commitments, and operating expenses. To cover the final phase before the Commercial Operation Date certificate, MPCES has injected an additional USD 1.5 million, which is expected to be almost fully recovered through the agreed-upon proceeds from the plant sale (via contractual adjustments to the purchase price at transaction closing).
In February 2024, MPCES announced the start of construction of the San Patricio plant, then described as a 65 MWp solar PV facility. The project was characterized at the time as MPCES's largest plant to date, with an estimated annual generation of approximately 141 GWh and an investment of around USD 42 million. The company entered the Guatemalan market after signing a Power Purchase Agreement with the IMSA Group in February 2023.
In September last year, MPCES stated that the testing phase for San Patricio had been delayed due to a lack of required government permits. In that update, the project scale was already indicated as 66 MWp, with an investment of approximately USD 48 million and an estimated annual generation of 156 GWh.
Ten months ago, MPC Energy Solutions announced the inauguration of the San Patricio plant, attended by Guatemalan President César Bernardo Arévalo de León. At the time, the company stated that the project would become one of the country's largest solar parks once operational. All electricity will be sold under a long-term Power Purchase Agreement to Comercializadora de Energía para el Desarrollo, affiliated with Ingenio Magdalena.
MPC Energy Solutions develops, builds, owns, and operates renewable energy projects, currently focusing on utility-scale solar PV plants in Central America.
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