Regulatory Filings • Sep 9, 2021
Regulatory Filings
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MPC Energy Solutions enters the Dominican Republic and expands renewables pipeline
Amsterdam/Oslo - 9 September 2021 - MPC Energy Solutions (MPCES) has entered the
Dominican Republic through a joint development agreement with Soventix
Caribbean, a leading regional developer. MPCES holds 51% in this partnership
that seeks to develop and construct a solar park with a capacity of 50-100 MW by
the end of 2022. Soventix Caribbean will be responsible for the local
development activities and the parties will jointly seek to commercialize the
energy and carbon credits.
Juan Esteban Hernández, Head of Project Development LATAM at MPC Energy
Solutions, said: "We are really excited to enter the Dominican Republic, as the
country is poised for an energy transformation to become a leading renewable
energy market in the region and has a long tradition of Independent Power
Producers (IPPs). The Dominican government is continuously pushing to increase
competitiveness and strengthen local energy generation through renewable
sources, and we are delighted to partner with Soventix Caribbean, with a strong
position regionally and tremendous experience in developing and building solar
PV projects in the Dominican Republic and the Caribbean region."
Martin Vogt, CEO at MPC Energy Solutions, said: "This is another important step
in terms of executing on our attractive project pipeline. We are in the process
of building up an operational portfolio as a leading independent power producer
(IPP) with a highly diversified portfolio and attractive rates of return."
The Dominican Republic is the largest existing renewables independent power
producer market in the Caribbean, with about 650 MW of installed wind and solar
power capacity. The Dominican government intends to generate 25% of its energy
from renewable sources by 2025 and plans to be CO\2\ neutral by 2050. To achieve
these goals, the Dominican government has made the development of renewable
energy projects a priority. Diversifying the country's energy matrix and
reducing reliance on fossil fuels will be important steps for the Dominican
Republic's future.
Alfonso Rodriguez, CEO and Partner at Soventix Caribbean, said: "We are
delighted to partner with the professional team of MPC Energy Solutions for this
important project. On our way to becoming one of the leading project developers
for solar plants in the Caribbean, the Dominican Republic has always been a
focus region for us. We share MPCES's vision of a region that is sustainable and
where the natural environment is preserved for future generations alongside a
thriving economy and society. We are certain that our daily work brings us
closer to this goal, and this partnership with MPC Energy Solutions strongly
supports it."
- ENDS -
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: [email protected]
Norway
Jo Christian Lund-Steigedal
Corporate Communications AS
Phone: +47 415 08733
Email: [email protected]
Americas
Perry Goldman
Montieth & Company
Phone: +1 (646) 8643568
Email: [email protected]
United Kingdom
Charles Font
Montieth & Company
Phone: +44 020 38575478
Email: [email protected]
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