MPC Energy Solutions N.V.

Earnings Release • May 31, 2021

MPC Energy Solutions provides update on the first quarter of 2021

MPC Energy Solutions provides update on the first quarter of 2021

Amsterdam/Oslo - 31 May 2021 - MPC Energy Solutions N.V., Amsterdam, ("MPC

Energy Solutions", "the Company") today gives an update on the Q1 2021 figures.

The Company only commenced its full operations in early 2021. The result and the

balance sheet for the first quarter therefore do not yet allow any conclusions

to be drawn about the Company's expected operating performance.

At the beginning of the year 2021, MPC Energy Solutions successfully raised

gross cash proceeds (before IPO-related brokerage and advisory fees) of USD 90

million in advance of its listing on Oslo Stock Exchange's Euronext Growth

segment on 22 January 2021.

The Company did not generate revenues between January and March 2021. All

projects were still in the development phase. The operating loss (EBIT) for the

quarter was USD 0.35 million.

During the first quarter, cash was mainly used to increase the equity stake in

the Company's US-based partner Enernet Global Inc., repay loans from the

original sponsor of MPC Energy Solutions, and to fund the Company's regional

subsidiaries and project development activities. The cash position on 31 March

2021 stood at USD 82.7 million. The Company has no financial debt.

Martin Vogt, CEO of MPC Energy Solutions, comments: "The first quarter of 2021

marked the operational launch of our  Company.  We have already made tremendous

progress developing our projects and growing our pipeline through exclusive

access to several projects throughout our initial target investment region,

namely Latin America and the Caribbean."

Since the IPO in January, the Company has secured exclusivity for projects in

Colombia, Mexico, Panama and the Eastern Caribbean, expanding the current

project pipeline to around 300 MW in Latin America and the Caribbean. This is in

addition to the already owned development portfolio of 334 MW solar PV projects

in Colombia, El Salvador and Jamaica.

"We expect to close acquisitions of our first assets and begin construction for

some of our solar PV plants in Colombia and El Salvador over the next few

months. As many of our projects quickly approach greater maturity, we are

further growing our local resources and corporate structure along with the

anticipated growth, focusing on a lean and high-quality setup."

The Q1 report is attached hereto and will be published on the Company's homepage

at www.mpc-energysolutions.com. The Company will provide an update on the Q2

figures on 31 August 2021.

- ENDS -

About MPC Energy Solutions NV

MPC Energy Solutions (ticker: "MPCES") 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 full project lifecycle of renewable solutions, from

early-stage development through construction and operation. More details,

including an updated company presentation on the pipeline development, at

www.mpc-energysolutions.com

Media contacts

MPC Energy Solutions NV

Stefan Zenker, Gabriele Gottschalk

Investor Relations & Public Relations

Phone. +49 40 38022-4200

Email: info@mpc-energysolutions.com

Americas

Montieth & Company

Phone: +1 (646) 864.356

Email: pgoldman@montiethco.com

United Kingdom

Charles Font

Montieth & Company

Phone: +44 020 38651947

Email: cfont@montiethco.com

Forward-looking statements

This announcement contains forward-looking statements about the Company's

financial and operating performance, business plans and prospects that involve

substantial risks and uncertainties. Actual results could differ materially from

the expectations and projections set forth in those statements and,

consequently, no forward-looking statement can be guaranteed. Such risks and

uncertainties include, among other things, the uncertainties inherent in the

development, construction and operation of renewable energy assets. The Company

assumes no obligation to update any forward-looking statements as a result of

new information or future events or developments.