MPC Energy Solutions announces the start of operations for its solar plants in El Salvador

Total investment costs were USD 24.5 million, of which Banco Agrícola, a 100% subsidiary of Bancolombia, provided USD 18.3 million of project financing under a 15-year amortizing agreement. Enerland Group acted as engineering and construction (E&C) contractor. MPC Energy Solutions provided construction management services and also directly sourced key components, including inverters from Huawei and solar panels from Canadian Solar. Total investment costs wereUSD 24.5 million, of which Banco...

Total investment costs were USD 24.5 million, of which Banco Agrícola, a 100% subsidiary of Bancolombia, provided USD 18.3 million of project financing under a 15-year amortizing agreement. Enerland Group acted as engineering and construction (E&C) contractor. MPC Energy Solutions provided construction management services and also directly sourced key components, including inverters from Huawei and solar panels from Canadian Solar.

Luis Marquez, Head of Construction of MPC Energy Solutions, said: "We are excited to see our Santa Rosa and Villa Sol solar PV plants complete construction and come online just 12 months after financial close. These activations were finalised fully within our established budget, a significant achievement for all parties involved."

"We deeply appreciate the local support that we received during the development and construction phase. The government, local authorities and the communities are incredibly supportive and dedicated to these projects," said Fernando Zúñiga, Managing Director for Latin America of MPC Energy Solutions. "We are committed to further contributing towards El Salvador's renewable energy transition and continue to evaluate further investments in the country."

Through the commissioning of these solar parks, MPCES has once again successfully demonstrated its ability to develop, finance, build, and operate assets as a full-cycle Independent Power Producer (IPP).

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 farms, 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
Andrew Berridge
Montieth & Company
Phone: +44 7774 985705
Email: [email protected]

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