MPC Energy Solutions N.V.

Earnings Release • Mar 3, 2022

MPC Energy Solutions releases its 2021 preliminary unaudited financial statements and year-end project update, demonstrating a growing presence in its key markets in Latin America and the Caribbean.

MPC Energy Solutions releases its 2021 preliminary unaudited financial statements and year-end project update, demonstrating a growing presence in its key markets in Latin America and the Caribbean.

Amsterdam/Oslo - 3 March 2022 - "2021 was an eventful year for MPC Energy

Solutions. We made significant progress and expanded our broad portfolio of

renewable energy assets in Latin America and the Caribbean. And now, in Q1 2022,

we are reaching another important milestone, as our first projects become

operational and start generating revenue," said CEO of MPC Energy Solutions

Martin Vogt.

With the renowned German investment manager MPC Capital as its sponsor and

largest shareholder, MPC Energy Solutions is driving the transition to renewable

energy with focus on Latin America and the Caribbean - regions that are at the

forefront of renewable energy ambitions. The market opportunity is estimated at

more than 45 GW in wind and solar alone by 2030 with a growth rate of 14.3%. MPC

Energy Solutions has a dedicated and experienced team on the ground, with

projects in seven countries to bring clean and affordable energy to developing

markets.

"Latin America and the Caribbean are among the most attractive geographies for

solar and wind power, and at the same time governments are highly focused on the

transition to renewable energy. We are proud to be a key partner for these

countries in a region where the consequences of climate change are more severe

than in many other places on the planet," said Martin Vogt.

Among the Company's main achievements during its first year after the IPO was

the construction start of four different projects in Colombia, El Salvador, and

on the island of St. Kitts and Nevis. MPC Energy Solutions also signed contracts

for the acquisition of two assets in Mexico and Puerto Rico, respectively, and

established strategic partnership with US-based C&I focused developer Enernet

Global as well as with Swiss-based energy storage solutions company Leclanché

SA.

"With the completed acquisition in Mexico, our company has reached an important

milestone earlier this year. We are starting to generate revenues and returns on

the investments we made. Our project portfolio is diversified and of excellent

quality, with average EBITDA margins expected to exceed 75%. The region and its

growth potential is attractive for us and our shareholders," said Vogt.

Attached to this press release and ahead of its annual report which will be

released on 20 April 2022, MPC Energy Solutions publishes its preliminary and

unaudited financial statements for the year ending 31 December 2021 this

morning. The financial performance in 2021 is in line with management's

expectations, in a year focused on ramping up the organization, progressing

project development, and making first investments. The company did not generate

revenues in its first full year of operations yet, and ended 2021 with a

negative operating income (EBIT) of USD 3.1 million and a net loss of USD 2.8

million. Total assets amounted to USD 83.9 million. "We are well financed to be

able to deliver on our advanced portfolio. We have no long-term financial debt,

and at the end of 2021, we had a cash position of USD 56.8 million," mentioned

Vogt.

Webcast

A conference call and simultaneous webcast for the investment community will be

held at 9:00 am CET. There will be a Q&A session after the presentation, and a

recording and written transcript of the webcast will be published on the

Company's website afterwards.

From today 09:00 am CET the Project Update presentation to be reviewed during

the conference call and webcast will be available on our website:

https://www.mpc-energysolutions.com/investor-relations/news-publications.

The live webcast can be accessed through the following link: https://edge.media

-server.com/mmc/p/xp25s9w3  (https://edge.media-server.com/mmc/p/xp25s9w3%20)

Alternatively, participants may dial in to the webcast using the below dial-in

information:

· Norway LocalCall Dial-In:               +47 2396 0264

· USA LocalCall Dial-In:                   +1 631 5107 495

· UK LocalCall Dial-In:                      +44 3333 009396

· International/Toll Dial-In:               +44 2071 928000

Conference ID: 7698051

For further information, please contact ir@mpc-energysolutions.com.

About MPC Energy Solutions

MPC Energy Solutions is a global provider of sustainable energy and primarily

focuses on low-carbon energy infrastructure, including solar and wind assets,

and other hybrid and energy efficiency solutions. The Company participates in

the full project lifecycle of renewable solutions, from early-stage development

through construction and operation. More details at www.mpc-energysolutions.com

Media contacts

MPC Energy Solutions N.V.

Investor Relations & Public Relations

Email: info@mpc-energysolutions.com

Norway

Jo Christian Lund-Steigedal

Corporate Communications AS

Phone: +47 415 08733

Email: jcs@corpcom.no

Americas

Perry Goldman

Montieth & Company

Phone: +1 (646) 8643568

Email: pgoldman@montiethco.com

United Kingdom

Andrew Berridge

Montieth & Company

Phone: +44 020 38575478

Email: aberridge (

aberridge@montiethco.com)@montiethco.com (aberridge@montiethco)