Jan 16, 2025 · InterEnergy Group, a Latin American and Caribbean power producer, has acquired a British Virgin Islands-based business along with its portfolio of 61.2 MW of operational wind
Aug 1, 2025 · Detailed info and reviews on 7 top Manufacturing companies and startups in Guatemala in 2025. Get the latest updates on their products, jobs, funding, investors, founders
Sep 10, 2024 · Deep in Guatemala''s mountains and jungles, where electricity is still an unattainable luxury, a quiet revolution is turning on lights, charging phones, and connecting
Jun 4, 2025 · Se trata de 7 parques fotovoltaicos presentados por las entidades Apex Energy Guatemala, Gravitas Sun Harvest, Luz de la Huerta, Rancho María Solar Power, Solar Power
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.
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.
The Los Girasoles solar park located in the region of Norte de Santander, Colombia. Image by MPC Energy Solutions (MPCES). Low-carbon energy infrastructure developer MPC Energy Solutions (MPCES) announced today the start of construction works on a 65-MWp solar project in Guatemala, the largest project in its portfolio so far.
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.
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.
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.
The global residential solar storage and inverter market is experiencing rapid expansion, with demand increasing by over 300% in the past three years. Home energy storage solutions now account for approximately 35% of all new residential solar installations worldwide. North America leads with 38% market share, driven by homeowner energy independence goals and federal tax credits that reduce total system costs by 26-30%. Europe follows with 32% market share, where standardized home storage designs have cut installation timelines by 55% compared to custom solutions. Asia-Pacific represents the fastest-growing region at 45% CAGR, with manufacturing innovations reducing system prices by 18% annually. Emerging markets are adopting residential storage for backup power and energy cost reduction, with typical payback periods of 4-7 years. Modern home installations now feature integrated systems with 10-30kWh capacity at costs below $700/kWh for complete residential energy solutions.
Technological advancements are dramatically improving home solar storage and inverter performance while reducing costs. Next-generation battery management systems maintain optimal performance with 40% less energy loss, extending battery lifespan to 15+ years. Standardized plug-and-play designs have reduced installation costs from $1,200/kW to $650/kW since 2022. Smart integration features now allow home systems to operate as virtual power plants, increasing homeowner savings by 35% through time-of-use optimization and grid services. Safety innovations including multi-stage protection and thermal management systems have reduced insurance premiums by 25% for solar storage installations. New modular designs enable capacity expansion through simple battery additions at just $600/kWh for incremental storage. These innovations have improved ROI significantly, with residential projects typically achieving payback in 5-8 years depending on local electricity rates and incentive programs. Recent pricing trends show standard home systems (5-10kWh) starting at $8,000 and premium systems (15-20kWh) from $12,000, with financing options available for homeowners.