MPC Energy Solutions publishes its preliminary unaudited financial statements for 2021 and its year-end project update, demonstrating a growing presence in its key markets in Latin America and the Caribbean

AMSTERDAM and Oslo, Norway, March 3, 2022 /PRNewswire/ — “2021 has been an eventful year for MPC Energy Solutions. We made significant progress and expanded our broad portfolio of renewable energy assets by Latin America and the Caribbean. And now, in the first quarter of 2022, we are reaching another milestone, as our first projects become operational and start generating revenue,” said the CEO of MPC Energy Solutions. Martin Vogt.

With renowned German investment manager MPC Capital as sponsor and major shareholder, MPC Energy Solutions is driving the transition to renewable energy with a focus on Latin America and the Caribbean – regions at the forefront of ambitions in terms of renewable energies. The market opportunity is estimated at more than 45 GW in wind and solar alone by 2030 with a growth rate of 14.3%. MPC Energy Solutions has a dedicated and experienced team on the ground, with projects in seven countries to bring clean and affordable energy to developing markets.

Latin America and the Caribbean are among the most attractive geographies for solar and wind energy, and at the same time governments are highly focused on the transition to renewable energy. We are proud to be a key partner for these countries in a region where the consequences of climate change are more severe than in many other places on the planet,” said Martin Vogt.

Some of the Company’s major achievements in its first year post-IPO include the start of construction on four different projects in Colombia, El Salvadorand on the island of Saint Kitts and Nevis. MPC Energy Solutions has also signed contracts for the acquisition of two assets in Mexico and Porto Ricorespectively, and has established a strategic partnership with US C&I developer Enernet Global and Swiss energy storage solutions company Leclanché SA.

“With the acquisition completed in Mexico, our company reached an important milestone earlier this year. We are starting to generate income and returns on the investments we have made. Our portfolio of projects is diverse and of excellent quality, with expected average EBITDA margins above 75%. The region and its growth potential are attractive to us and our shareholders,” said Vogt.

Attached to this press release and ahead of its annual report which will be published on April 20, 2022MPC Energy Solutions publishes its interim and unaudited financial statements for the year ended December 31, 2021 this morning. The financial performance for 2021 is in line with management’s expectations, in a year focused on the ramping up of the organization, the progress of project development and the completion of the first investments. The company has yet to generate revenue in its first full year of operations and ended 2021 with a negative operating profit (EBIT) of $3.1 million and a net loss of $2.8 million. Total assets amounted to $83.9 million. “We are well funded to be able to deliver our advanced portfolio. We have no long-term financial debt, and at the end of 2021 we had a cash position of $56.8 million“, has mentioned Vogt.

Webcast

A conference call and simultaneous webcast for the investment community will take place at 9:00 a.m. CET. There will be a question and answer session following the presentation, and a recording and written transcript of the webcast will be posted on the company’s website afterwards.

From now on 09:00 CET the project update presentation that will be reviewed during the conference call and webcast will be available on our website: https://www.mpc-energysolutions.com/investor-relations/news-publications.

The live webcast can be accessed via the following link: https://edge.media-server.com/mmc/p/xp25s9w3

Alternatively, participants can login to the webcast using the login details below:

  • Norway LocalCall Incoming call: +47 2396 0264
  • United States Local call: +1 631 5107 495
  • Local call in UK: +44 3333 009396
  • International/paid call: +44 2071 928000

Conference ID: 7698051

For more information, please contact [email protected].

About MPC Energy Solutions

MPC Energy Solutions is a global sustainable energy provider 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 life cycle of renewable solutions projects, from initial development through construction and operation. More details at www.mpc-energysolutions.com


Media contacts

MPC Energy Solutions AG

Investor Relations and Public Relations
Email: [email protected]

Norway

Jo Christian Lund-Steigedal
AS Business Communications
Telephone: +47 415 08733
Email: [email protected]

Americas
Perry Goldman
Montieth & Company
Telephone: +1 (646) 8643568
Email: [email protected]

UK
Andre Berridge
Montieth & Company
Telephone: +44 020 38575478
Email: [email protected]

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/mpc-energy-solutions-nv-/r/mpc-energy-solutions-releases-its-2021-preliminary-unaudited-financial-statements-and-year-end-proje,c3517640

The following files are available for download:

SOURCE MPC Energy Solutions SA

Comments are closed.