Enel Green Power has signed a five year renewables purchase agreement with Empresa Electrica de Guatemala SA (EEGSA).
The deal covers the provision of 42GWh of renewable energy to power some 1.3 million consumers in Guatemala, Sacatepéquez and Escuintla.
Enel’s Matanzas and San Isidro hydro plants in the Baja Verapaz department will generate the energy to supply EEGSA as part of the agreement.
The deal will help customers of EEGSA to reduce annual carbon emissions by 28,800 tonnes.
Carlos Rodas, planning and control manager at EEGSA, said: “The open tender processes allows transparency in contracting, as well as tariff stability and competitive prices for EEGSA’s clients, which may be reflected in the coming quarters.”
The deal is a result of a public tender held in February 2020.
José Sánchez, Country Manager of Enel Green Power in Guatemala, said: “This agreement confirms EGP as a leading renewable energy partner for large corporate customers while supporting their embrace of the energy transition and supplying sustainable energy to Guatemalans. We are committed to further contributing to the renewable development of the Country, leveraging on our technological know-how as well as the sustainable approach we have implemented at a global level.”
Enel is the second-largest private energy producer in Guatemala, produces 5% of the country’s entire power generation and has become the country’s fourth-largest energy exporter since 2019.