Author: enernetostg

New York, New York – August 26th 2021 — Enernet Global Inc., a distributed energy service company that provides tailored energy solutions for commercial, industrial, remote community and utility customers, announces USD300 million in project equity committed from MPC Energy Solutions N.V., a Dutch-based and Oslo-listed global provider of
sustainable energy solutions. Enernet finances, builds, owns and operates microgrids and distributed energy resources on a global basis.

With operations in Australia, the Philippines, the Caribbean and Sub-Saharan Africa, Enernet deploys distributed on- and off-grid generation projects that include renewable energy, battery storage, cogeneration and existing thermal or grid supply.

Selling energy and services through power purchase or “build-own-operate-transfer” agreements, systems are delivered at no capital cost to customers and tailored to their specific energy needs. This lowers customer costs, adds energy resilience and independence, and dramatically reduces emissions for commercial and industrial, mining,
hospitality, remote, island community, and utility customers. The $300 million of project equity will be targeted on Enernet’s projects in the Caribbean and the Philippines.

“This capital enables us to ramp-up delivery of projects in two of our major markets, as well as looking to new markets. Our customers get cost savings, emissions reductions and improved operational efficiencies while we drive forward our vision of a sustainable, renewables-based future,” said Paul Matthews, Enernet’s CEO.

He added, “We live to be our customer’s partner for power.”

Martin Vogt, CEO of MPC Energy Solutions, commented: “The cooperation with Enernet has already proven to be very successful in the first few months. We are now looking forward to further expanding and connecting a variety of attractive projects, both in our focus region of the Caribbean as well as in new geographical areas. This will take MPC Energy Solutions to the next level.”

About MPC Energy Solutions NV
MPC Energy Solutions (ticker: “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. The Company participates in full project lifecycle of renewable solutions, from early-stage development through construction and operation. More details, including an updated company presentation on the pipeline development, at www.mpc-energysolutions.com

New York, New York – 25th August 2021 — Enernet Global Inc., a distributed energy service company that provides tailored energy solutions for commercial, industrial, remote community and utility customers, announces AUD75 million in project equity committed from Solar Bay, an Australian Renewable Investment Fund. Enernet finances, builds, owns and operates microgrids and distributed energy resources on a global basis.

With operations in Australia, the Philippines, the Caribbean and, most recently expanding to Sub-Saharan Africa, Enernet deploys distributed on- and off-grid generation projects that include renewable energy, battery storage, cogeneration and existing thermal or grid supply.

Selling energy and services through power purchase agreements, systems are delivered at no capital cost to customers and tailored to their specific energy needs. This lowers customer costs, adds energy resilience and independence, and dramatically reduces emissions for commercial and industrial, mining, hospitality, remote, island community, and
utility customers.

The AUD75 million of project equity will be specifically targeted on Enernet’s projects in Australia.

“This capital enables us to rapidly deploy projects in Australia and to realise our commitment to the customers we work with and the communities we serve. This is the latest in many steps we have taken this year to drive a sustainable, renewables-based energy transition,” said Paul Matthews, Enernet’s CEO.

James Doyle, Investment Director at Solar Bay, commented: “We are excited to partner with Enernet for their Australian operations and assist in reducing their customers carbon footprints. The energy solutions Enernet design and construct provide Australian businesses with an efficient methodology to deploy renewable energy, without the significant capital outlay that is typically required.”

About Solar Bay (“Solar Bay”)
Solar Bay is a Renewable Energy Fund, founded in 2016 with the core goal of bridging the gap between organisations seeking to go green at scale and the requirement of capital to do so.

Hamburg/Oslo – 05 February 2021 – MPC Energy Solutions has announced the closing of an asset development agreement and strategic partnership with Enernet Global, a distributed energy service company that develops microgrid projects in Latin America, Africa, Australia and Asia.  The new partnership provides the company with access to the growing microgrid sector in established and new markets.

The news of the partnership follows an investment into Enernet Global that has seen MPC Energy Solutions become a minority shareholder of the company. Enernet Global will develop the asset pipeline and performs the construction management. MPC Energy Solutions will acquire the projects prior to construction start and remain the long-term asset owner.

MPC Energy Solutions will have access to Enernet Global’s project pipeline in target markets, which utilize a combination of solar PV, wind, battery, hydro, and/or combined heat and power technologies with clients (off-takers) from the corporate and utility sector. The partnership will also help MPC Energy Solutions further extend its pipeline of renewable energy projects in the Caribbean as well as enter the Asia-Pacific region, where it will look to grow its portfolio.

Martin Vogt, CEO of MPC Energy Solutions, said: “This new partnership with Enernet Global will further accelerate our growth and deployment of assets. We remain strongly committed to the energy transition in Latin America and the Caribbean, but also see excellent opportunities in Asia Pacific. It is also a steppingstone that will see us move into new regions where we can continue to deliver strong returns for our shareholders while helping us with our main aim to reduce carbon emissions.”

Paul Matthews, CEO of Enernet, commented: “The partnership with MPC Energy Solutions will help us to achieve our mission to reduce dependence on fossil fuels. Globally, many businesses and utilities still rely on diesel-generated power, while others suffer losses from costly power outages. Our Energy-as-a-Service model drives savings and delivers significant carbon emission reductions while providing more resilient systems and energy independence. Enernet Global and MPC Energy Solutions share a commitment to the advancement of the global energy market and a sustainable, renewables-based energy transition.”

The news follows the launch of MPC Energy Solutions and its private placement directed towards institutional investors, where the new platform raised a total of NOK 857 million (USD 100 million) in advance of its listing on Oslo Stock Exchange’s Euronext Growth segment.