MPC Caribbean Clean Energy Limited (MPCCEL) – Acquisition of an Asset

• MPC Caribbean Clean Energy Limited (MPCCEL) has advised that on 22nd December 2020, MPC Caribbean Clean Energy Fund LLC, the Investment Company of MPC Caribbean Clean Energy Limited, signed the acquisition of a 6.4 MWp solar park San Isidro, in El Salvador.
• The solar park started its commercial operation on January 29, 2021, and on March 2, 2021, the transaction has been successfully completed.
• MPCCEL further stated that the San Isidro solar park will help to avoid an estimated 36,000 tons of CO2 emissions throughout its lifetime.
• This acquisition should help MPCCEL to increase its energy generation to satisfy greater energy demands and attract more revenues to support future top-and-bottom-line growth.

(Source: JSE & NCBCM Research)