MPC Capital's new renewable energy platform raises USD 100m

Dollars in green. Author: 401(K) 2012.

January 12 (Renewables Now) - German asset manager MPC Capital AG (ETR:MPCK) on Monday said its newly launched renewable energy platform MPC Energy Solutions has raised NOK 857 million (USD 100m/EUR 82.6m) in a private placement.

The share sale of the Netherlands-based platform was oversubscribed multiple times, attracting robust interest from Nordic and international investors, according to the statement.

MPC Capital also invested in the company ahead of its listing on the Euronext Growth segment of the Oslo Stock Exchange.

MPC Energy Solutions has been set up to develop and invest in renewable energy assets, including utility-scale solar, wind, energy storage and co-generation facilities, as well as other infrastructure that helps lower power consumption and carbon dioxide (CO2) emissions.

The platform is eyeing renewable energy and low CO2 projects with capacity of over 500 MW to be implemented over the next two years around the world, starting with the Caribbean and Latin America. 

Simply deploying solar PV and wind technology is often not enough any more, according to MPC Energy Solutions CEO Martin Vogt.

"The industry and our clients require solutions that provide around the clock low carbon, cost-competitive and reliable power supply. Therefore, it becomes critical to design projects that meet such demand utilizing different generation and storage technologies", Vogt said.

(NOK 1.0 = USD 0.117/EUR 0.096)

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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