MPC Capital AG (Deutsche Börse Scale, ISIN DE000A1TNWJ4) has launched a new entity named “MPC Energy Solutions” after raising $100 million USD in a private placement in anticipation of its listing on Oslo Stock Exchange’s Euronext Growth segment. The private placement was oversubscribed and attracted strong interest from Nordic and international investors.
MPC Energy Solutions was established by MPC Capital to capitalize on the growing demand for sustainable and cost-competitive low-carbon energy infrastructure by developing and operating renewable energy assets. The new company plans to develop and invest in renewable energy generation including utility-scale solar PV and wind farms, energy storage, co-generation as well as other infrastructure that helps reduce energy consumption and carbon emissions.
On the company website, it lists 5 projects under development in Colombia, plus one each in El Salvador and Jamaica, and says all projects will start construction in the second half of this year and begin energy production at the end of 2022.
“We have a strong team with a proven track record in renewable energies of more than ten years and made great strides towards becoming the leader in renewable energy infrastructure in the region of Latin America and The Caribbean. We look forward to further develop our renewable energy business as we continue to offer our investors the opportunity to capitalize on a strong growth sector with an ever-growing global demand for new projects,” said Ulf Holländer, CEO of MPC Capital.
Martin Vogt, CEO of MPC Energy Solutions, said: “The clean energy sector has matured materially in the past 10-15 years, but the environment is changing, and the simple deployment of solar PV and wind technology is often not sufficient anymore. The industry and our clients require solutions that provide around the clock low carbon, cost-competitive and reliable power supply. Therefore, it becomes critical to design projects that meet such demand utilizing different generation and storage technologies.”
“The company aims to implement projects with more than 500 MW of installed capacity of low carbon and renewable energy infrastructure over the next two years. Given our local presence and strong experience within the Caribbean and Latin America, we will build a first series of projects here before expanding into other parts of the world. In our core markets, the clean energy sector requires about $18 billion of investment in the coming decade. We aim to become the leading contributor to the energy transition in the region and beyond,” said Vogt.
“The successful initiation of MPC Energy Solutions underlines the ability of the MPC group to tap capital markets for attractive real asset investment strategies. In doing so, Oslo Stock Exchange was an obvious choice in our search for the most suitable marketplace. The impressive track record with renewable companies provides for an educated and professional domestic and international investor base for companies like MPC Energy Solutions,” he said.
The Private Placement was marketed by Fearnley Securities AS and SpareBank 1 Markets AS as Joint Lead Managers and Bookrunners, while Advokatfirmaet Wiersholm AS served as Norwegian legal counsel.
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