June 29 (Renewables Now) - Germany-based real assets investment manager MPC Capital AG (ETR:MPCK) announced on Thursday that it is acquiring a 21-MW wind park in Costa Rica.
Trinidad and Tobago's largest conglomerate ANSA McAL Limited is a partner in the deal. MPC did not disclosed the value of the transaction in its press release.
Located in Tilaran, Guanacaste province, the Tilawind wind farm has been operational since 2015 and has the potential to expand its capacity to 40 MW. This is the second acquisiton the company is making through its renewable energies arm in the CARICOM region, namely MPC Caribbean Clean Energy Fund, following the purchase of the 51-MWp Paradise Park Solar Photovoltaic (PV) greenfield project in Jamaica.
Another branch of the German company, MPC Renewable Energies, originated and structured the transaction. It will also provide asset management services to both investors. The transaction is now subject to customary closing conditions, MPC noted.