MPC Capital Expands Renewables Portfolio with 43 MW Solar PV Project

MPC Capital has successfully brought the Monte Plata II solar park in the Dominican Republic into operation. This project adds 43 MW of capacity to the existing Monte Plata solar park, bringing the total operational capacity to 76 MW. The investment was made through the MPC Caribbean Clean Energy fund.

With a total investment of approximately USD 45 million and financing from leading development finance institutions, Monte Plata II is set to generate 67 GWh of clean energy annually. This will reduce CO2 emissions by an estimated 45,000 tons per year, demonstrating MPC Capital's dedication to advancing renewable energy infrastructure.

The Monte Plata II project secured a 15-year Power Purchase Agreement (PPA) with a utility off-taker and became operational as scheduled. During the construction phase, MPC Capital engaged with the local community, showcasing the project's positive impact.

Constantin Baack, CEO of MPC Capital, highlighted their expertise in the Latin American market and expressed their commitment to leveraging this experience while expanding into the European energy market. This expansion aligns with MPC Capital's strategic focus on energy and maritime infrastructure.