Enel Green Power Guatemala (EGPG) has signed a power purchase agreement (PPA) with Comercializadora de Energía para el Desarrollo (CED) for the supply of 1.26 TWh of sustainable energy over the next 10 years, the largest agreement of its kind in Guatemala.
CED, currently the third largest marketer in Guatemala belongs to the agrifood and energy corporation Grupo Magdalena, which represents the third largest generator and the second largest exporter of energy.
“We were looking for a strategic ally like Enel to launch this project and satisfy the needs of our clients, providing 100% renewable energy throughout the year. We are confident that these alliances will help us offer more profitable energy purchasing options to different sectors in the future.”Jorge Leal, general manager of Ingenio Magdalena.
The renewable energy supplied under this ten-year agreement is equivalent to planting 15 million trees or avoiding the emission of 865,000 tons of CO2 into the atmosphere per year.
The generation technologies utilized by the two companies are complementary. On the one hand, the Magdalena group generators that provide energy to CED produce energy from biomass during the harvest season and Enel’s hydro plants generate more energy during the rainy season of the country.
“At Enel Green Power we have the experience and capability to meet the specific needs of companies and sectors with high electricity consumption. Through these agreements, companies can have a renewable energy supply that allows them to achieve their sustainability goals.”Bruno Riga, head of Central America Region of Enel Green Power.
CED customers who will receive steady energy from all of Enel Green Power’s hydro plants throughout the year belong to the agro-industry, steel and textile sectors, among others.