MPC Energy Solutions completes construction and connects 12.3 MW solar plant in Colombia

27 Mar 2023 08:00 CEST

Amsterdam/Oslo - 27 March 2023 - MPC Energy Solutions (MPCES) has announced the
completion of construction and grid connection for its Parque Solar Los
Girasoles, a solar photovoltaic (PV) plant in Colombia, with an installed
capacity of 12.3 MW. Parque Solar Los Girasoles is the third project in the
Company's portfolio to commence operations this year, following Santa Rosa &
Villa Sol in El Salvador, and Neol CHP in Puerto Rico, and the fourth
operational plant overall.

MPC Energy Solutions is selling the generated power through a long-term power
purchase agreement (PPA) with Spectrum, a leading Colombian energy trading firm
and electricity supplier. Parque Solar Los Girasoles is located in Colombia's
region of Norte de Santander and will supply around 23 GWh of solar energy per
year, helping avoid the emission of close to 100,000 tons of CO2 throughout its
lifetime. The project is expected to generate an annual revenue of around USD
1.3 million during the PPA tenor.

"Parque Solar Los Girasoles is a significant milestone for Colombia's renewable
energy targets, and a testament to our commitment to helping diversify the
energy mix in the country and across Latin America", said Juan Esteban
Hernández, Head of Project Development LATAM of MPC Energy Solutions. "We are
excited to see our portfolio of operational projects grow and contribute to the
region's energy resilience and next-generation infrastructure."

"We are proud to partner with a global sustainable energy provider to power up a
solar PV plant in Colombia. The project will help the country make significant
strides toward achieving its target of becoming carbon neutral by 2050", said
André Fraga, CEO at Spectrum. "Parque Solar Los Girasoles also plays a
significant role in supporting Spectrum to become Colombia´s first 100%
renewable energy supplier."

MPC Energy Solutions invested USD 11 million equity to develop and construct the
project and intends to secure debt financing post commissioning. Colombian
company Socolco S.A.S. acted as the engineering and construction (E&C)
contractor, and key components, such as solar panels, were supplied by TRINA and
inverters by Huawei, were procured by MPCES directly.

MPCES Capital Markets Day Webcast

MPC Energy Solutions is hosting a Capital Markets Day on Wednesday, 29 March,
where the senior management will provide a deep insight into MPCES' strategy,
the operational progress, share updated financial guidance and speak about the
regional market, financing environment and the company's future funding plans.
The webcast will be held from 1 pm (CET) to 3 pm (CET).

Details on the agenda as well as the registration link to the Webcast is
available here: https://www.mpc-energysolutions.com/company/capital-markets-day

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: ir@mpc-energysolutions.com

Norway

Jo Christian Lund-Steigedal
Corporate Communications AS
Phone: +47 415 08733
Email: jcs@corpcom.no

United Kingdom
Judith Ugwumadu
Montieth & Company
Phone: +44 7774 985705
Email: jugwumadu@montiethco.com

Americas
Perry Goldman
Montieth & Company
Phone: +1 (646) 8643568
Email: pgoldman@montiethco.com

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