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The CFO of MPCES, Stefan H.A. Meichsner, expressed enthusiasm for reaching this significant milestone. He stated, "San Patricio represents a major scale-up of our operations and showcases our capability to successfully develop new projects in the region. Upon completion, the facility is expected to provide our shareholders with stable, long-term financial returns and assist in surpassing the group’s annual revenue threshold of 20 million USD. The plant's construction is projected to conclude by mid-2025."

Currently, MPCES owns and operates five power generation facilities in Latin America and the Caribbean, totaling approximately 79 MWp capacity, with MPCES’s proportional share being 66 MWp. The addition of San Patricio is anticipated to nearly double the company’s installed capacity. The facility is expected to generate over 8 million USD in annual revenue with an EBITDA margin exceeding 80 percent. The total investment for the construction, including financing and risk costs, is estimated at around 42 million USD.

Fernando Zuñiga, MPCES’s Regional Manager for Latin America and the Caribbean, highlighted the project's significance in providing clean and affordable energy across the region. He noted, "San Patricio, once operational, will be our sixth ready-to-run power plant. The greenfield development took approximately 12 months, a testament to the swift progression of the energy transition when stakeholders collaborate effectively. We have found excellent partners for this project."

MPCES has contracted with the Enerland Group for the turnkey construction of the facility and the procurement and construction of equipment. Enerland also constructed the 21.3 MWp Santa Rosa & Villa Sol solar facility in El Salvador for MPCES, which commenced operations in early 2023 after just 12 months of construction.

Upon completion, the San Patricio facility is expected to produce about 141 GWh of electricity annually. As previously announced by MPCES in February 2023, the production from this facility will be sold to Ingenio Magdalena S.A. (IMSA) under a 16-year fixed-price contract. IMSA Group, the leading producer and exporter of refined sugar in Guatemala, processes 6.5 million tons of sugarcane annually. It is also the largest private power producer in Guatemala, covering approximately 8 percent of the country’s total energy consumption with its power generation facilities.