MPCES finds partner for up to 100-MW solar project in Dominican Republic

The Netherlands-based sustainable energy company MPC Energy Solutions NV (FRA:5IX) has secured a partner on the development and construction of a solar power project of some 50 MW to 100 MW in the Dominican Republic.

The company, also known as MPCES, said Thursday it had struck a joint development agreement with regional developer Soventix Caribbean, a subsidiary of German solar energy outfit Soventix GmbH. MPCES controls the partnership with a 51% stake.

The agreement enables the Dutch firm to enter the Dominican Republic’s market.

The new partners will seek to develop and build their solar farm by the end of 2022, MPCES said without giving specifics about the project.

Local development activities will the responsibility of Soventix Caribbean. The parties will jointly seek to commercialise the energy and carbon credits, MPCES added.

"This is another important step in terms of executing on our attractive project pipeline. We are in the process of building up an operational portfolio as a leading independent power producer (IPP) with a highly diversified portfolio and attractive rates of return," Martin Vogt, MPCES CEO, commented.

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