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MPC Capital Partner With Martifer On Colombian Solar Development

 


MPC Capital, an international real assets investment
manager, has announced a joint venture with Martifer Renewables, a developer
of wind and solar energy projects. MPC Capital and Martifer Renewables will
form a strategic partnership cultivating and supporting distributed generation
and utility scale solar PV and wind renewable energy products throughout
Colombia.

"We are excited to expand our regional development
efforts into the Colombian market and to take advantage of highly attractive,
niche investment opportunities," said Dr. Roman Rocke, Management Board
Member, MPC Capital. "This partnership illustrates our on-going commitment
to expanding our renewables infrastructure investment platform and activities
in the Caribbean Basin."

Added Dr. Rocke: "The Caribbean Basin has provided us
with great opportunities recently, with the opening of our Panama office and
the beginning of work on our 51.5 MWp Paradise Park PV plant in Jamaica last
year, and now this new, exciting venture with an industry leader like
Martifer."

Based in Bogota, Colombia, both MPC Capital and Martifer
Renewables will dedicate staff and resources towards day-to-day operations of
renewables infrastructure projects in Colombia. Martifer will be the lead
developer, and provide operations and maintenance, while MPC Capital will focus
on financial analysis, debt financing and asset management services.

"We are very pleased to partner up with MPC Capital in
Colombia. This partnership brings more robustness to our strategy, focusing in
setting partnerships, developing, constructing and operating renewable energies
projects, thus adding value to our Shareholders." said Miguel Lobo,
Martifer Renewables Board Member

"Colombia is one of the most promising markets in
renewables energies in Latam. We expect to be a relevant player in Colombia
participating in solar distributed generation projects and both solar and wind
utility-scale projects."

The demand for renewable energy in the Colombian market
remains strong and attractive for investors. Industrial and commercial users
total 11GW of installed capacity and total consumption is growing at a 5%
annual increase. The rising adoption of renewables in the region, coupled with
increased consumption, has positioned this venture to be of value for years to
come.

MPC Capital's partnership with Martifer increases MPC
Capital's ever-growing renewables division, as new, compelling renewables
infrastructure opportunities are identified and developed in this emerging sector.
In July 2017, the company announced the establishment MPC Renewables Panama
S.A., a subsidiary of MPC Renewables Energies GmbH, whose recent transactions
include the 172 MW windpark project 'Âncora' in Portugal, the "Paradise
Park" 50 MWP solar plant in Jamaica, and the 54 MW onshore windpark
'Sainshand' in Mongolia.


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