MPC Energy Solutions has selected ISOTRON SA, part of Spanish Grupo ISASTUR, as EPC contractor for the 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 renewable power plants are fully owned by MPCES and this is the first project to start construction from the proprietary development pipeline of the Company. The solar plants will sell all their generated energy through a 20-year USD-denominated power purchase agreement (PPA) with CAESS, the local subsidiary of US-based energy company AES. The total investment is USD 26 million of which 75% is financed through a project financing facility.
