How many solar plants are there in Guatemala?

Currently, it has the two largest solar plants in Guatemala, Horus I and Horus II, that combined have a total capacity of 110 MW. These provide the country with over 200 GWh of completely clean and renewable energy. Large scale clean and renewable photovoltaic solar energy generation.

Does Guatemala have solar energy?

Notably, Guatemala has seen previous ventures into solar energy, including the announcement of a 5 MW photovoltaic project in 2014 and a subsequent tender for a 110 MW project in 2019, which was later cancelled. As of 2023, the country had an installed photovoltaic capacity of 105 MW, according to IRENA statistics.

Is Guatemala a good place to invest in solar energy?

Guatemala is the second largest Central American power market, with a goal to increase renewable energy use. Relatively high levels of solar irradiance and large areas of cleared land give the country a strong potential for increased solar energy development.

Why did BMR decide to buy a solar farm in Guatemala?

As part of its evaluation process, BMR determined that the solar farm offered a strong return that was supported by Guatemala’s well-established and stable regulatory system. BMR navigated a complex and cooperative sales process that involved four owners across three legal jurisdictions.

What is enerland group doing in Guatemala?

Enerland Group, a Spanish firm, has announced its expansion into Guatemala’s renewable energy market with the inauguration of its headquarters in the country and the commencement of construction on its inaugural photovoltaic park, Magdalena Solar, boasting a capacity of 66 MWp.

How much solar power will Latin and Central America have by 2050?

The PV capacity of Latin and Central America could read 280GW by 2050, according to IRENA. Image: BMR Energy Dutch clean energy developer MPC Energy Solutions has started construction of a 65MWp solar project in Guatemala, and plans to commission the project by mid-2025.