MPC Energy Solutions (MPCES) strengthens its commitment to deliver renewable energy solutions and expands its development footprint in Latin America by entering Panama. Through new developments focusing on ground-mounted solar PV, the company enhances its ambition to significantly expand its project pipeline in Latin America. MPCES and its partners have already identified sites and grid connection capacity for combined 60-70 MWp with immediate start of development works and the aim to grow this local pipeline further through own developments and/or acquisitions.

The new development projects will support the company's goal toreach 800 MW of ready-to-build projects in the region by 2025 and to achieve1,000 MW of sustainable energy assets across Latin America and the Caribbean by 2027. Panama has made significant strides in developing hydropower projects, producing 54% of its electricity through hydroelectric power. To accelerate its commitment to tackling climate change, increasing the country's resilience, and meeting its growing energy demands, Panama has pledged that 50% of the country's generation capacity will come from renewables by 2050, including solar and wind.