Renewables
MPC Energy Solutions completes acquisition of Combined Heat & Power (CHP) plant in Puerto Rico
22 Mar 2022
Amsterdam/Oslo– 22 March 2022 – MPC Energy Solutions (MPCES) is proud to announce the completion of the acquisition of its Neol CHP plant, a 3.4 MW Combined Heat and Power (CHP) plant in Caguas, Puerto Rico. The USD 9 million investment was pending the completion of the construction phase. The plant is majority-owned by MPC Energy Solutions and is now generating its first kWhs with a long-term Power Purchase Agreement (PPA) in place to supply Neolpharma Inc., a pharmaceutical company.
Martin Vogt, CEO at MPC Energy Solutions, said: “The commissioning of Neol CHP is another important step in terms of executing on our project pipeline and a demonstration of MPC Energy Solution’s commitment to Puerto Rico. The territory has an ambitious target to transition to 100% renewable energy by 2050. Projects such as the Neol CHP power plant are a part of that transition.”
Energy production from the Neol CHP plant is expected to be 26,000 MWh per year. Having a dedicated power source will enable Neolpharma to benefit from a stable supply and reduced thermal energy consumption, resulting in substantial environmental benefits. The plant is forecast to avoid 100,000 tons of CO2 emissions over the lifespan of the PPA – a reduction in carbon emissions of up to 30%.
The project was developed and built by Enernet Global under an exclusive asset development partnership with MPCES. Enernet Global and MPCES are aiming to initiate the development and construction of further sustainable energy projects for the private sector in Puerto Rico this year.
Martin Vogt said: “We look forward to continuing to work in partnership with businesses to continue to support Puerto Rico as it strives to reduce its carbon emissions and make the transition from fossil fuels towards cleaner energies.”
Information
Contact
Stefan Zenker
Head of Investor & Public Relations
+49 (40) 380 22 - 4347
s.zenker@mpc-capital.com

Neol CHP is a 3.4 MW Combined Heat and Power (CHP) plant
About MPC Capital AG (www.mpc-capital.com)
MPC Capital is a global investment and asset manager for infrastructure projects. In the areas of maritime and energy infrastructure, MPC Capital initiates tailor-made investment solutions and offers a broad range of asset management services. With more than 300 employees, the MPC Capital Group manages Assets under Management (AuM) of EUR 5.1 billion. As a responsible company that has been listed on the stock exchange since 2000, MPC Capital actively contributes to financing the investment needs to achieve global climate goals.
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