M&A Activity • Feb 7, 2022
M&A Activity
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MPC Energy Solutions completes acquisition of Los Santos Solar I project in Mexico
Amsterdam/Oslo - 7 February 2022 - MPC Energy Solutions (MPCES) has completed
the acquisition of Los Santos Solar I project, located in the state of
Chihuahua, Mexico. The solar photovoltaic (PV) plant reinforces MPCES' position
as a regional leader in renewable energy and supports the country's ongoing
energy transition.
Martin Vogt, CEO of MPC Energy Solutions, said: "Los Santos Solar I contributes
towards Mexico's goals of achieving 50% of electricity generation from clean
energy by 2050 and reducing the levels of greenhouse gas emissions by 50%. We
are pleased with the swift completion of this project acquisition that marks our
first operational asset in Mexico. We would like to thank Buenavista Renewables
(BVR) for their excellent cooperation during this process and we are looking
forward to a continued collaboration for the future expansion of this project."
In 2020, according to the International Energy Agency (IEA), power generation
from renewables accounted for 18.8 per cent of the total electricity produced in
Mexico. This is a 28.55 per cent increase in renewables power generation since
The plant is operational since 2017 and has a capacity of 15.8 MWp, with the
potential to be extended to 90 MWp. The project has a USD-denominated power
purchase agreement (PPA) with Leoni Cable, a German cable manufacturer, and the
International De La Salle Educational Network. The US Government's Development
Finance Corporation (DFC) and the North American Development Bank (NADB)
provided a 20-year project funding.
Martin Vogt added: "We are excited to have our first operational project in the
portfolio reinforcing our commitment to assist Latin America diversifying its
energy mix towards cleaner sources and helping create resilience in the region."
- ENDS -
About MPC Energy Solutions
MPC Energy Solutions ("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 the full project lifecycle of renewable solutions, from early
-stage development through construction and operation. More details at
(http://www.mpc-energysolutions.com)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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