MPC Energy Solutions breaks ground on second solar power plant in Colombia

MPC Energy Solutions breaks ground on second solar power plant in Colombia

17 Jan 2022 08:00 CET

Amsterdam/Oslo - 17 January 2022 - MPC Energy Solutions (MPCES) has commenced
construction of Parque Solar Los Girasoles, a solar photovoltaic (PV) plant in
Colombia that will supply around 23 GWh a year - equivalent to the energy
consumption of over 17,000 people. MPC Energy Solutions is investing USD 11
million to bring Los Girasoles online, and the project is expected to generate
around USD 1.3 million revenues per year once operational. Construction started
with Socolco S.A.S. (https://www.socolco.com/home/) and commissioning of the
solar park is expected in Q4 2022. Solar panels are supplied by
TRINA (https://www.trinasolar.com/us) and inverters by
Huawei (https://solar.huawei.com/eu/).

Parque Solar Los Girasoles is located in the region of Norte de Santander with
established urban centres and transportation infrastructure, which ensures
excellent conditions for construction and operation stages. The solar PV
project, which has a nominal capacity of 12.3 MWp, will offer substantial
environmental benefits, helping to avoid the emission of 15,200 tons of CO2 per
year. As part of its commitment to ensuring that its projects in Colombia
provide sustainable skills transfer, and opportunities for all, MPCES has set
targets to ensure a balance in the number of male and female workers during the
construction phase.

Martin Vogt, CEO of MPC Energy Solutions, said: "Colombia has used renewable
energy for decades and its Energy Plan 2050 sets out clear objectives to
diversify the sources of the renewable energy it uses so that wind, solar and
other alternatives complement its existing installed hydropower base.

Today's groundbreaking at the Parque Solar Los Girasoles is part of our efforts
to help Colombia reduce carbon emissions, decentralize and diversify energy
generation. Our projects will help ensure that Colombians benefit from reliable,
cleaner electricity for decades to come."

ENDS

About MPC Energy Solutions

MPC Energy Solutions 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 www.mpc-energysolutions.com

Media contacts
MPC Energy Solutions N.V.
Investor Relations & Public Relations
Email: [email protected] ([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]

More information:
Access the news on Oslo Bors NewsWeb site

551444_2022_01_17_Los_Girasoles_Press_Release.pdf

Source

MPC Energy Solutions N.V.

Provider

Oslo Børs Newspoint