Custom Featured Image
June 18, 2024

Delphos Advises MPC Energy Solutions on a USD 34 million Non-Recourse Project Financing for the Construction of a 65MWp Solar PV Plant in Guatemala.

Leading IPP selects Delphos as exclusive financial advisor.

Delphos, a leading emerging market financial advisory firm, announces USD 34 Million non-recourse project financing for the construction of Guatemala’s 65MWp solar PV plant. Delphos takes the exclusive advisory role to secure a landmark financing package for MPC Energy Solutions (“MPCES”), a leading European Independent Power Producer (IPP). The deal marks the first-ever non-recourse senior debt project financing secured from Banco de América Central, (“BAC”) in Guatemala (part of the BAC Financial Group), totaling USD 34 million.  MPCES will use the debt facility to construct a 65 MWp solar PV plant San Patricio in Guatemala which will enter operations by late 2025.  The innovative transaction with BAC allows MPCES to grow its renewable portfolio and marks MPCES’s continued commitment to the region.

In the past, Guatemala’s electricity sector has been dominated by hydropower and coal generation, with each producing 39% and 16%, respectively, of total electricity output in 2023. Today we can proudly say that the impact of the 65MWp solar PV plant will not only benefit the environment but also rebalance energy access in the country. Renewable resources circumvent many of the environmental and health pitfalls of fossil fuel consumption such as natural resource degradation and air pollution.

This transaction is testimony to Delphos’ position as a leading emerging market advisor for energy and infrastructure transactions in Central America and showcases our expertise to structure landmark transactions with top tier lenders in the region to obtain the most competitive financing terms for our clients,” said Delphos Chairman and CEO, Bart Turtelboom.

About MPC Energy Solutions:

MPC Energy Solutions (“MPCES”) is a global provider of sustainable energy and primarily focuses on low-carbon energy infrastructure, including solar and wind farms, and other hybrid and energy efficiency solutions. The Company participates in the full project lifecycle of renewable solutions, from early-stage development through construction and operation. More details at www.mpc-energysolutions.com

About Delphos:

Delphos is the definitive source for arranging innovative financial solutions for development companies and projects.  We specialize in raising long-term, competitively priced capital for corporates, fund managers, developers, SMEs, sovereigns, and entrepreneurs around the world. Since 1987, we have arranged more than $20 billion in development finance to support the efforts of over 1,200 companies. We tap into the resources of more than 350 government agencies and multilateral organizations worldwide to help clients realize their international business goals and have sustainable impact. In addition to our capital raising efforts, Delphos provides market-leading transaction advisory and investment/risk management consulting services to government and private sector clients across multiple industries. We are approved advisors to AfDB, US-DFC, IDB Invest, IFC, USAID, US Ex-Im Bank, USTDA, WBG, leading private equity firms, infrastructure developers and strategic investors, and foreign governments and utilities. www.delphos.co

About BAC:

BAC Credomatic is the leading private bank in Central America. It has more than 4.7 million clients and more than 20,000 employees in the region. BAC Credomatic is committed to promoting more prosperous, equitable and sustainable countries and that is why it became the first financial group in the region to adhere to the United Nations Principles of Responsible Banking. www.baccredomatic.com

Media Contact:

Caroline King, caroline.king@delphos.co    +44 203 239 6827 (UK)    +1 917 720 3469 (USA)

© Copyright 2024 - Delphos International