MPC Energy Solutions N.V. has acquired a 3.4-megawatt combined heat and power (CHP) project in Puerto Rico.
The project will sell the produced heat and power under a 12-year USD-denominated energy service agreement to a pharmaceutical company. This is MPC Energy Solutions’ first acquisition since its listing on the Oslo Stock Exchange’s Euronext Growth segment in January.
The project is currently under construction with expected commissioning to take place in August. Once complete, it is expected to produce 25,000 to 30,000 megawatt hours of energy supply annually and will lead to a reduction of 100,000 tons of carbon dioxide over the 12-year contract period.
“Like a number of other countries within the region, Puerto Rico offers an attractive market with strong growth potential within the renewables sector,” said Martin Vogt, CEO at MPC Energy Solutions. “This latest investment shows our commitment to meeting growing demand from the region’s corpora
