MPC Capital closes acquisition of 21-MW wind farm in Costa Rica

Wind farm in Costa Rica. Author: Christian Haugen. Licence: Creative Commons, Attribution 2.0 Generic.

May 3 (Renewables Now) - Hamburg-based asset manager MPC Muenchmeyer Petersen Capital AG (ETR:MPCK) said this week that it had reached financial close for the acquisition of the 21-MW Tilawind wind farm in Costa Rica.

The amount agreed for the wind farm fetched USD 50 million (EUR 44.8m). MPC Capital’s renewable energy platform, MPC Caribbean Clean Energy Fund, and ANSA McAL Limited (TTSE:AMCL), a conglomerate from Trinidad and Tobago, participated as investors. The acquisition was signed in June last year and closed in April 2019 after all necessary approvals were granted.

The Tilawind plant is located in the province of Guanacaste in northwestern Costa Rica. The wind farm has been in operation since 2015 and has the potential to be expanded in the future.

This is the German asset manager’s second acquisition in the Caribbean region. Previously, it invested in the 51-MWp solar photovoltaic (PV) park Paradise Park in Jamaica which is now managed by MPC Renewable Energies.

(USD 1.0 = EUR 0.89)

More stories to explore
Share this story
About the author

Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription