How we spend our days, is, of course, how we spend our lives.
#MARTIN MPC TAKING A LONG TIME TO START FULL#
The Company participates in the full project lifecycle of renewable solutions, from early-stage development through construction and operation.The present time has one advantage over every other – it is our own. MPC Energy Solutions ("MPCES") is a global provider of sustainable energy and primarily focuses on low-carbon energy infrastructure, including solar and wind assets, and other hybrid and energy efficiency solutions. International/Toll Dial-In: +44 2071 928000įor further information, please contact MPC Energy Solutions Norway LocalCall Dial-In ( Oslo): +47 23 96 02 64 The live webcast can be accessed through the following link:Īlternatively, participants may dial in to the webcast using the below dial-in information: There will be a Q&A session after the presentation, and a recording and written transcript of the webcast will be published on the Company's website afterwards. The Company will host a webcast on Tuesday, 30 November 2021 at 08:00 am CEST.
#MARTIN MPC TAKING A LONG TIME TO START UPDATE#
The financial results as well as an update on the Company's projects will be given during a conference call and simultaneous webcast for the investment community today at 8:00 am CEST (see details below). The Q3 report is attached hereto and has also been published on the Company's website at. Meichsner adds: "It is our objective to fully commit the capital raised during the IPO by the end of this year. MPCES has no long-term debt.ĬFO Stefan H.A. The Company's EBITDA was still negative at USD 2.4 million year-to-date (thereof USD 0.7 million for the third quarter), following the ramp-up of the organization, expenses for transaction-related services, and project development efforts. An amount of up to USD 6 million has been set aside to advance these projects to ready-to-build status over the next 18 to 24 months.Īt the end of the third quarter 2021, MPCES reports total assets of USD 84.1 million, which mostly consisted of non-current assets of USD 11.6 million – mainly project and strategic investments – and USD 72.1 million of cash. MPCES also provided details on its proprietary development projects, which include 352 MW of projects under ownership and 221 MW of projects with exclusive access or rights of first refusal. "At the same time, delays in equipment deliveries following globally disrupted supply chains will cause delays in our construction projects of up to six months." And the project with Soventix should be able to commence commercial operation as early as 2023", states Vogt. "The acquisition of the power plant in Mexico will be closed during the first quarter of 2022. Over time we have both the capabilities and ambitions to expand to additional territories."Īmong the key milestones during the third quarter ending 30 September 2021 and the months thereafter were the capital deployment and construction start for 26.6 MW Colombian solar PV plant Planeta Rica, the signing for a 15.8 MW operational solar PV plant in Mexico, and the agreed partnership to co-develop 50 to 100 MW with Soventix Caribbean in the Dominican Republic.
We have, with our strong portfolio and deep backlog, a tremendous position to support the transition, and we have recently confirmed several new projects in the region. Our core markets in Latin America and the Caribbean are among the most affected by climate change and thus also among the most ambitious when it comes to energy transition. "The commitments made during COP26 emphasize the need for an ambitious pathway to net zero emission. "The market trends affecting our industry have become stronger than ever over the past few months", said Martin Vogt, CEO of MPC Energy Solutions. As a key message, the Company confirmed its outlook for the coming years, targeting an installed capacity of at least 177 MW and USD 40 million annual asset-level revenue by 2023. ("MPCES" or "Company"), Amsterdam, published its Q3 2021 report this morning. 30, 2021 /PRNewswire/ - MPC Energy Solutions N.V.
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