Sale of Colombian solar PV project Planeta Rica completed, free cash increases substantially; Guatemala testing delayed to October
Sale of Colombian solar PV project Planeta Rica completed, free cash increases substantially; Guatemala testing delayed to October
Amsterdam/Oslo – 29 September 2025 – MPC Energy Solutions (“MPCES”, “Company”) announced today that the sale of its joint venture in Colombia, Planeta Rica, has been successfully completed. The Company signed the agreement to sell its financial interest in the project in July of this year, and all required closing conditions have now been met and finalized.
Following the closing of the transaction, the Company’s free cash position increased to USD 8.7 million as of today (last reported on 30 June 2025: USD 2.2 million). MPCES could collect additional payments from the sale if the solar PV plant achieves certain milestones and performance parameters over the next twelve months.
In addition, the Company communicated that the start of the testing phase of its 66 MWp solar PV project in Guatemala, San Patricio, has been delayed by several weeks to October, as required government permits to commence the testing are still pending to be issued. MPCES will share a detailed update on the status and progress of the project during its Q3 earnings call on 6 November 2025.
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About MPC Energy Solutions
MPC Energy Solutions ("MPCES") develops, builds, owns and operates renewable energy assets, including utility-scale solar photovoltaics (PV) and onshore wind farms and hybrid projects, combining renewable sources and storage technologies. More details at www.mpc-energysolutions.com (http://www.mpc-energysolutions.com/)
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