IR
MPC Capital expands renewables portfolio with 43 MW solar PV project
02 Sep 2024
Hamburg, 2 September 2024 -- MPC Capital has successfully brought the Monte Plata II solar park in the Dominican Republic into operation. The project adds 43 MW of capacity to the existing Monte Plata solar park, bringing the total operational capacity of the combined project to 76 MW. The investment was made through MPC Capitals`s MPC Caribbean Clean Energy fund.
With a total investment of approximately USD 45 million, and financing from leading development finance institutions, Monte Plata II is set to generate 67 GWh of clean energy annually, reducing CO2 emissions by an estimated 45,000 tons per year. This highlights MPC Capital's dedication to advancing renewable energy infrastructure as an asset class that is essential for achieving global net-zero goals.
The Monte Plata II project has secured a 15-year Power Purchase Agreement (PPA) with a utility off-taker and went online well on schedule. Throughout the construction phase, MPC Capital has actively engaged with the local community, partnering on several initiatives to demonstrate the positive impact of the project.
Commenting on this achievement, Constantin Baack, CEO of MPC Capital, said: “Bringing Monte Plata II from the early development stages to operation highlights our expertise and extensive network in the Latin American market. We have built a strong track record across the entire value chain, including development, financing, as well as contracting long-term cash flows through the structuring of PPAs. We are dedicated to leverage this experience as we expand into the European energy market.”
Expanding the operating portfolio of renewable energy assets with Monte Plata II confirms MPC Capital's recently refined strategic focus on energy and maritime infrastructure.
Contact
MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Tel. +49 40 38022-4347
e-mail: s.zenker@mpc-capital.com
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MPC Capital expands renewables portfolio with 43 MW solar PV project
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Contact
Stefan Zenker
Head of Investor & Public Relations
+49 (40) 380 22 - 4347
s.zenker@mpc-oceanic.com
About MPC Oceanic Group
The MPC Oceanic Group is a publicly traded investment and management company headquartered in Hamburg, Germany, with operations in the maritime and energy sectors. For more than 30 years, the company has been developing business models and platforms that are of key importance to global trade and the energy transition. Together with institutional investors and strategic partners, MPC Oceanic develops, structures, and finances investments in vessels and energy infrastructure. In addition to its investment business, the Group’s companies provide operational services to industrial customers and third-party owners, ranging from newbuilding supervision to technical and commercial management during operations. MPC Oceanic employs approximately 280 people in 10 countries and manages or operates more than 400 vessels and energy projects with a total value of approximately EUR 5.6 billion (“assets under management”). The shares of MPC Oceanic Group AG are listed in the Scale segment of the Frankfurt Stock Exchange (Deutsche Börse) under the ISIN DE000A1TNWJ4.
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